Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bondar industries manufactures sporting equipment. One of the companyss products is a football heimet that requires special plastic During the quarter ending June 30, the

image text in transcribed
Bondar industries manufactures sporting equipment. One of the companyss products is a football heimet that requires special plastic During the quarter ending June 30, the compsny manulactured 3,000 heimess, using t 860 wilograms of plantic. The plastic cost the company $14136. According to the standard cost card, esch heimet should require 0.53 kllograms of plastic, at a cost of 58.00 per kilogram. Required: 1. What is the standord quantiy of klograms of piastic (SO) that is allowed to make 3.000 helmets? 2. What is the standard materials cost allowed (SO * SP) to make 3.000 heimets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quartity variance? (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 afl 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 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

Risk Based Management Led Audit Driven Safety Management Systems

Authors: Ron C. McKinnon

1st Edition

1498767923, 978-1498767927

More Books

Students also viewed these Accounting questions