Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

North American market, requires a special plastic. During the quarter ending June 30 , the company manufactured 3,400 helmets, using 2,414 kilograms of plastic. The

image text in transcribed
North American market, requires a special plastic. During the quarter ending June 30 , the company manufactured 3,400 helmets, using 2,414 kilograms of plastic. The plastic cost the company $15,932. According to the standard cost card, each heimet should require 0.65 kilograms of plastic, at a cost of $7.00 per killogram. Required: 1. What is the standard quantity of kilograms of plastic (SO) that is allowed to make 3,400 heimets? 2. What is the standard materials cost allowed (SQ SP) to make 3,400 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" no effect (l.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

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

Content Audits And Inventories A Handbook For Content Analysis

Authors: Paula Ladenburg Land

2nd Edition

1937434826, 978-1937434823

More Books

Students also viewed these Accounting questions