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 30 ,

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 3,600 helmets, using 2,124 kilograms of plastic. The plastic cost the company $14,018. According to the standard cost card, each helmet should require 0.54 kilograms of plastic, at a cost of $7.00 per kilogram. Requlred: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,600 helmets? 2 What is the standard materials cost allowed ( SQSP ) to make 3,600 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requlrements 3 and 4 , Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (I.e., zero verlence). Input all amounts os positlve values. Do not round Intermedlate calculatlons.)

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

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

Recommended Textbook for

Auditing The Art And Science Of Assurance Engagements

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser-Hogeterp

11th Edition

0132088061, 978-0132088060

More Books

Students also viewed these Accounting questions

Question

Describe the four main types of primary storage?

Answered: 1 week ago