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Exerclse 10-1 (Algo) Direct Materlals Varlances [LO10-1] Bandar Industrles manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic.
Exerclse 10-1 (Algo) Direct Materlals Varlances [LO10-1] Bandar Industrles manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. Durling the quarter ending June 30 , the company manufactured 3,800 helmets, using 2,774 kllograms of plastic. The plastic cost the company $21,082 According to the standard cost card, each helmet should require 0.66 kllograms of plastlc, at a cost of $8.00 per kllogram. Required: 1. What is the standard quantity of klograms of plastic (SQ) that is allowed to make 3,800 helmets? 2. What is the standard materlals cost allowed (SQ SP ) to make 3,800 helmets? 3. What is the materlals spending varlance? 4. What is the materlals price varlance and the materlals quantity varlance? (For requirements 3 and 4 , Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positlve values. Do not round intermedlate calculations.)
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