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Hohner Harmonica Co. manufactures harmonicas. One of the companys products is a blues harmonica that requires a special type of metal. During the quarter ending

  1. Hohner Harmonica Co. manufactures harmonicas. One of the company’s products is a blues harmonica that requires a special type of metal. During the quarter ending June 30, the company manufactured 1,000 harmonicas, using 600 ounces of metal. The metal cost the company $2,400

According to the standard cost card, each harmonica should require .5 ounces of metal at a cost of $5 per harmonica.

Required: (10 points)

  1. What is the standard quantity of metal (SQ) that is required to make 1,000 harmonicas?

  1. What is the standard materials cost allowed (SQ x SP) to make 1,000 harmonicas?

  1. What is the materials spending variance?

  1. What is the materials price variance and the materials quantity variance?

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