Bandar Industries manufactures sporting equipment. One of the companys products is a football helmet that requires special
Question:
Bandar Industries manufactures sporting equipment. One of the companys products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,400 helmets, using 2,618 kilograms of plastic. The plastic cost the company $19,897.
According to the standard cost card, each helmet should require 0.69 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?
2. What is the standard materials cost allowed (SQ SP) to make 3,400 helmets?
3. What is the materials spending variance?
4. What is the materials price variance and the materials quantity variance?
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer