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Please help me with these last two problems :) THANK YOU!!!! Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet
Please help me with these last two problems :)
Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. Juring the quarter ending June 30 , the company manufactured 3,100 helmets, using 1,953 kilograms of plastic. The plastic cost the company $12,890. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quanpty of kilograms of plostic (SQ) that is allowed to make 3,100 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,100 heimets? 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 fovorable, " U " for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Logistics Solutions provides order fulfilment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client recelves 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 labor-hours. In the most recent month, 180,000 items were shipped to customers using 7,700 direct labor-hours. The company incurred a total of $26,180 in variable overhead costs. According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3,45 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 180,000 items to customers? 2. What is the standord variable overhead cost allowed ( SHSP ) to ship 180,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead 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 (l.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) THANK YOU!!!!
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