Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bender Industries Berhad of Malaysia Manufactures sporting equipment One of the company's products, a football heimet North American market, requires a special plastic. During the

Bender Industries Berhad of Malaysia Manufactures sporting equipment One of the company's products, a football heimet North American market, requires a special plastic. During the quarter ending June 30. the compdry manufactured 3,300 hy using 2,079 kilograms of plasic. The plastic cost the company $15,800,
According to the standard cost card, each helmes should require 058 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
1 What is the standard quanify of kilograms of plastic (SD) that is alowed 10 make 3,300 heimets?
2. What is the standard materials cost allowed (SQ5P) to make 3,300 helme1s?
3. What is the materials spending variance?
4. Whet is the materials price variance dod the materials quantity variance?
(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for faworable, "U" for unfavorable, and " no effect (i.en zero variance)- input all amounts as positive values. Do not round intermediate calculations.)
\table[[1. Stendard quanty of Kiograms alownid,E],[2 Standard oces allowed for actual uupt,],[3. Maverials safernting variance,],[4. Maneriak price variamoe,],[4 Malerials quamity variance,]]
image text in transcribed

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 & Assurance Services A Systematic Approach

Authors: William F Messier Jr, Steven M Glover, Douglas F Prawitt

11th Edition

1260687635, 1259969444, 9781259969447, 978-1260687637

More Books

Students also viewed these Accounting questions