Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires specint piastic. During the quarter ending June 30, the

image text in transcribed
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires specint piastic. During the quarter ending June 30, the company manutactured 3,400 helmets, using 2,516 kilograms of plastic. The plastic cost the company $16,606. According to the standard cost card, each helmet should reculre 0.69 kilogram of plastic, at a cost of $700 per kiogram Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 heimets? 2. What is the standard materials cost allowed (SQ SP) to moke 3,400 helmets? 3. What is the materials spending variance? 4. What are 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started