Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ch9 q1 Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football heimet for the North American market, requires a
ch9 q1
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football heimet for the North American market, requires a special plastic. During the quarter ending June 30 , the company manufactured 3,400 helmets, using 2,074 kilograms of plastic. The plastic cost the company $13,688 According to the standard cost card, each hemet should require 0.53 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 heimets? 2. What is the standard materials cost allowed (SQ SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity 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 all amounts as positive values. Do not round intermediate calculations.) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started