Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cyclone Industries manufactures sporting equipment. One of the company's products, a football helmet, requires a special plastic. During the quarter ending June 30, the
Cyclone Industries manufactures sporting equipment. One of the company's products, a football helmet, requires a special plastic. During the quarter ending June 30, the company purchased 30,000 kilograms of plastic. During that time, Cyclone Industries manufactured 35,000 helmets, using 26,250 kilograms of plastic. The plastic cost the company $63,000. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $2.25 per kilogram. What is the materials price variance? What is the materials quantity variance?
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