Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

it says this is wrong. can you show me the steps? Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a

image text in transcribedit says this is wrong. can you show me the steps?

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 3,600 helmets, using 2,412 kilograms of plastic. The plastic cost the company $15,919. According to the standard cost card, each helmet should require 0.59 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 3,600 helmets? 2. What is the standard materials cost allowed (SQ * SP) to make 3,600 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.) Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance $ $ $ $ 2,124 14,868 965 F 2,016 U 1,051 U Materials price variance Materials quantity variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Alternative Minimum Tax For Individuals IRS Audit Technique Guide ATG

Authors: Internal Revenue Service

1st Edition

1304131556, 978-1304131553

More Books

Students also viewed these Accounting questions

Question

What values can you store in a Boolean variable?

Answered: 1 week ago