Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 3,000 helmets, using 1,770 kilograms of plastic. The plastic cost the company $13,452.
According to the standard cost card, each helmet should require 0.52 kilogram of plastic, at a cost of $8.00 per kilogram.
Required:
- What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,000 helmets?
- What is the standard materials cost allowed (SQ SP) to make 3,000 helmets?
- What is the materials spending variance?
- What are the materials price variance and the materials quantity variance?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started