Check my work 1 1.5 points Book Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires 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 helmet should require 0.52 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 helmets? 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.) Print References 1. 2 3 Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance 4 Check my work 2 15 points SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 7.200 of these meals using 3,500 direct labor-hours. The company paid its direct labor workers a total of $31,500 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct lobor.hours at a cost of $8.50 per hour. eBook Hint Print References Required: 1. What is the standard labor-hours allowed (SH) to prepare 7,200 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 7,200 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency 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.) 1. 2 3. 4. Standard labor hours allowed Standard labor cost allowed Labor spending variance Labor rato variance Labor efficiency variance 3 15 points eBook Hint Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer, The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 115,000 items were shipped to customers using 3,800 direct labor-hours. The company incurred a total of $10,450 in variable overhead costs. According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $2.80 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 115,000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR) to ship 115,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency 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.) Print References 1 Standard quantity of labor hours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance Variable overhead officiency variance 4 Check my work Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standard Hours per Hour Cost 27 minutes $5.60 $2.52 2 points book Hint Print References During August, 9,200 hours of direct labor time were needed to make 19,200 units of the Jogging Mate. The direct labor cost totaled $50,600 for the month. Required: 1. What is the standard labor hours allowed (SH) to makes 19,200 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19,200 Jogging Mates? 3. What is the labor spending variance? 4. What is the lobor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rote is $4.50 per direct labor hour. During August, the company incurred $47,840 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance), Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard labor-hours allowed 2. Standard labor cost allowed 3 Labor spending variance 4. Labor rate variance Labor efficiency variance 5 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: 1 points Standard Quantity or Hours 5.90 pounds 0.50 hours Standard Price or Rate $2.50 per pound $8.50 per hour Standard Cost $14.75 $ 4.25 Direct materials Direct labor eBook Print References During the most recent month, the following activity was recorded: a. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound. b. The company produced only 1,140 units, using 10,260 pounds of material. (The rest of the material purchased remained in raw materials inventory.) c. 670 hours of direct labor time wer recorded at a total labor cost of $8,040. Required: Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Materials price variance Materials quantity variance