Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 3 0

image text in transcribed
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires
special plastic. During the quarter ending June 30, the company manufactured 3,400 helmets, using 2,210 kilograms
of plastic. The plastic cost the company $14,586.
According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $7.00 per
kilogram.
Required:
What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?
What is the standard materials cost allowed (SQ SP) to make 3,400 helmets?
What is the materials spending variance?
What is the materials price variance and the materials quantity variance?
Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round
intermediate calculations.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting the basis for business decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

18th edition

125969240X, 978-1259692406

More Books

Students also viewed these Accounting questions