Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all parts ill leave a good rating thanks!! Check my work Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's

please answer all parts ill leave a good rating thanks!! image text in transcribed
Check my work 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 2.046 kilograms of plastic. The plastic cost the company $13,504 20 According to the standard cost card, each helmet should require 0.55 kilograms of plastic at a cost of $700 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 (SOSP) to make 3,300 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Here References (For requirements 3 and 4, indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts os positive values. Do not round Intermediate calculations.) Standard quantity of lograms allowed Standard cost allowed for actual output Materials spending variance 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

Students also viewed these Accounting questions

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago