Bandar Industrles manufactures sporting equlpment. One of the company's products is a football helmet that requlres special plastic. During the quarter ending June 30 , the company manufactured 4,000 helmets, using 2,440 kllograms of plastic. The plastic cost the company $18,544. According to the standard cost card, each helmet should require 0.52 kllograms of plastlc, at a cost of $8.00 per kllogram. Requlred: 1. What is the standard quantity of kllograms of plastic (SQ) that is allowed to make 4,000 helmets? 2. What is the standard materlals cost allowed (SQ (SP) to make 4,000 helmets? 3. What is the materlals spending varlance? 4. What is the materials price varlance and the materlals quantity varlance? (For requirements 3 and 4 , Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values. Do not round Intermedlate calculations.) Huron Company produces a commerclal cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are given below: During the most recent month, the following actlvity was recorded: a. 19,250.00 pounds of materlal were purchased at a cost of $1.70 per pound. b. All of the materlal purchased was used to produce 2,500 units of Zoom. c. 400 hours of direct labor tlme were recorded at a total labor cost of $5,200. Required: 1. Compute the materlals price and quantity varlances for the month. 2. Compute the labor rate and efficlency varlances for the month. (For all requlrements, Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values. Round your Intermedlate calculations to the nearest whole dollar.) Marvel Parts, Incorporated, manufactures auto accessorles. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of Its products. According to the standards that have been set for the seat covers, the factory should work 1,000 hours each month to produce 2,000 sets of covers. The standard costs assoclated with this level of production are: During August, the factory worked only 1,050 direct labor-hours and produced 2,400 sets of covers. The following actual costs were recorded during the month: At standard, each set of covers should require 3.0 yards of materlal. All of the materlals purchased during the month were used in production. Required: 1. Compute the materials price and quantity varlances for August. 2. Compute the labor rate and efficlency varlances for August. 3. Compute the varlable overhead rate and efficlency varlances for August. (Do not round Intermedlate calculations. Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values.)
