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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
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 3,700 helmets, using 2.627 kilograms of plastic. The plastic cost the company $17,338. According to the standard cost card, each heimet should require 0.64 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,700 helmets? 2 What is the standard materials cost allowed (SQ SP) to make 3,700 helmets? 3. What is the materials spending varlance? 4. What is the materials price variance and the materials quantity varlance? (For requirements 3 and 4, Indicate the effect of each verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero verlence). Input all amounts as positive values. Do not round Intermediate calculations.) 1. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance 4. Materials quantity variance
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