3 2.5 points eBook Hlnl Print RETEI'E'HCES Exercise 9-4 {Algo) Direct Materials Variances [LOB-4] Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,300 helmets. using 2,376 kilograms of plastic. The plastic cost the company $18,058. According to the standard cost card, each helmet should require 0.63 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3.300 helmets? 2. What is the standard materials cost allowed (50 X SP) to make 3300 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 "Norie'I for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1, Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3, Materials spending variance 4, Materials price variance 4. Materials quantity variance 4 2.5 points EBOOK Hll'll Print References Exercise 9-5 (Algal Direct Labor Variances [L09-5] SkyChefs, Incorporated, prepares inrflight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 5,600 of these meals using 2,700 direct laborehours. The company paid its direct labor workers a total of $21,600 forthis work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct laborhours at a cost of $7.50 per hour. Required: 1. What is the standard laborhours allowed (SH) to prepare 5,600 meals? 2. What is the standard labor cost allowed (SH x SR) to prepare 5.600 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. 00 not round intermediate calculations} 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor ef ciency variance 5 2.5 points EBOOK le'li Prlnt Refe re nces Exercise 9-6 (Algo) Variable Overhead Variances [LOB-6] Logistics Solutions provides order fulllment 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 laborhours. In the most recent month. 120,000 items were shipped to customers using 4,100 direct laborhours. The company incurred a total of $11,480 in variable overhead costs. According to the company's standards, 0.03 direct laborhours are required to fulll an order for one item and the variable overhead rate is $2.85 per direct laborrhour. Required: 1. What is the standard laborhours allowed (SH) to ship 120,000 items to customers? 2. What is the standard variable overhead cost allowed [SH x SR) to ship 120,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efciency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None'I for no effect {i.e., zero variance}. Input all amounts as positive values. Do not round intermediate calculations} 1. Standard quantity of laborhours allowed 2. Standard vanable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance 4. Variable overhead efciency van'ance Problem 9-21 {Algo} Multiple Products, Materials, and Processes [LOB-4. LOB-5] 25 Mickley Corporation produces two products. Alphas and Zetai's. which pass through two operations. Sintering and Finishing. Each of poms the products uses two raw materialsX442 and Y561. The company uses a standard cost system. with the following standards for each product{on a per unit basis}: Raw Material Standard Labor Tile El Product m1 'l'l Scintering Finist eBcok Alphao 215 kilos 215 liters 3.4!! hours 1.20 hours Zeta]r 415 kilos 515 liters 0.46 hours 6.30 hours B Infon'nation relating to materials purchased and materials used in production during May follows: Print Purchase I Material Purchases Cost Standard Price Used in Production li mu 15,493 kilos s 45.2% s 2.2: per kilo 9,9939 kilos References Yl 16,436 liters .5 2?,880 5 1.83 per liter 14,403 liters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $21.00 per hour in Sintering and $20.00 per hour in Finishing. c. During May. 1.350 direct labor-hours were worked in Simering at a total labor cost of$33.2l0. and 2.990 direct laborhours were worked in Finishing at a total labor cost of $55380. d. Production during May was 2.000 Alphas and 1.200 Zeta?s. Required: 1. Complete the standard cost card foreach product. showing the standard cost of direct materials and direct labor. 2. Compute the materials price and quantity variances for each material. 3. Compute the labor rate and efciency variances for each operation. CnIlpIeIe lhis Ination Irv enteriig [our amulet: ill the labs II-elnw. Required 1 Required2 ' RequiredB Complete the standard cost card for each product, showing the standard cost of direct materials and direct Iahcll: [Round your answers to 2 decimal places.) Direct materialsX442 Direct materialsYEN Direct laborSintering Direct laborFinishing Total Eels-T: Direct materialsX442 Direct materialsYEN Direct laborSintering Direct laborFinishing 25 points References Problem 9-21 (Algal Multiple Products, Materials, and Processes [LOB-4, Log-5] Mickley Corporation produces two products, AlphaSs and Zeta?s, which pass through two operations, Sintenng and Finishing. Each of the products uses two raw materialsx442 and Y661. The company uses a standard cost system, with the follovn rig standards for each product [on a per unit oasis}: Rani Haterial Standard Labor Tilie Product ill-142 1'66] Sintering Finishing Alpha 2.5 kilos 2.5 liters 0.4% hours 1.20 hours Zeta? 4.5 kilos 5.5 liters 8.4% hours 0.80 hours Information relating to materials purchased and materials used In production during May follows: Purchase hterial Purchases Cost Standard Price Used in Production x442 15,400 kilos 3 45,233 3 2.33 per kilo 9,935 kilos Y661 16,406 liters $ 2?,880 $ 1.80 per liter 14,406 liters The 1:0"an additional II'ITOI'ITIEI'UOH IS available: a. The company recognizes price variances when materials are purchased. D. The standard labor rate Is $21.00 per hour in Slntering and $20.00 per hour In Finishing. c. During May, 1350 direct laborhours were worked in Sinterlng at a total labor cost of $33,210, and 2,990 direct laborhours were worked in Finishing at a total Ia oor cost of $65380. d. Production during May was 2,000 Alpha6s and 1,200 ZetaTs. Req ulred: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. 2. Compute the mate rials price and quantity variances for each material. 3. Compute the labor rate and efciency variances for each operation. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Compute tile maten'als price and quantity van'anoas for each material. (Indicate the effect of each variance by selecting 'F" for favorable, "U" for unfavorable, and 'None" for no effect {i.e.r zero variance). Input all amounts as positive values.) Direct Materials VariancesMalena] X442: Maten-mn-oevananoe _- Matenais quantity variance Direct Materials VariancesMeteor]! Yii man-neon - Maten'msuuamman'anw _-