Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industrles manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. Durling the quarter ending June 30 ,

image text in transcribed Bandar Industrles manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. Durling the quarter ending June 30 , the company manufactured 3,500 helmets, using 2,135 kllograms of plastic. The plastlc cost the company $18,361. According to the standard cost card, each helmet should require 0.54 kllograms of plastlc, at a cost of $9.00 per kllogram. Required: 1. What Is the standard quantity of kilograms of plastic (SQ) that Is allowed to make 3,500 helmets? 2. What is the standard materlals cost allowed (SQSP) to make 3,500 helmets? 3. What is the materlals spending varlance? 4. What is the materlals price varlance and the materlals quantity varlance? (For requirements 3 and 4 , Inclicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as 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

Financial Accounting

Authors: Anne Britton, Christopher Waterston

3rd Edition

027365859X, 978-0273658597

More Books

Students also viewed these Accounting questions

Question

How does predictive analysis differ from inferential statistics

Answered: 1 week ago

Question

=+Is this metric really applicable to what I want to accomplish?

Answered: 1 week ago

Question

=+How does this metric connect to my objectives?

Answered: 1 week ago