Q1.

Bandar Industries manufactures sporting equipment One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,100 helmets, using 2,015 kilograms of plastic. The plastic cost the company $15,314. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, at a cost of $8.00 per kilogram. Required: What is the standard quantity of kilograms of plastic (50) that is allowed to make 3,100 helmets? What is the standard materials cost allowed (SQ X SP) to make 3,100 helmets? What is the materials spending variance? What is the materials price variance and the materials quantity variance? Note: 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. PWN.' 1. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance 4. Materials quantity variance SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 6,500 of these meals using 3,200 direct laborhours. The company paid its direct labor workers a total of $36,800 for this work, or $11.50 per hour According to the standard cost card for this meal, it should require 0.50 direct laborhours at a cost of $11.00 per hour. Required: 1. What is the standard laborhours allowed (SH) to prepare 6,500 meals? 2. What is the standard labor cost allowed (SH X SR) to prepare 6,500 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efciency variance? Note: 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. 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efciency variance Logistics Solutions provides order fulllment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives 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 laborhours. In the most recent month, 205,000 items were shipped to customers using 9,200 direct labor-hours. The company incurred a total of $33,580 in variable overhead costs. According to the company's standards, 0.02 direct laborhours are required to fulll an order for one item and the variable overhead rate is $3.70 per direct laborhour. Required: 1. What is the standard laborhours allowed (SH) to ship 205,000 items to customers? 2. What is the standard variable overhead cost allowed (SH X SR) to ship 205,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efciency variance? Note: 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. 1. Standard quantity of labor-hours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance 4. Variable overhead efficiency variance Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity Standard or Hours Standard Price or Rate Cost Direct materials 7.40 pounds 515 2.60 per pound $ 19.24 Direct labor 0.45 hours 1; 8.00 per hour 1; 3.60 During the most recent month, the following activity was recorded: a. 12,100.00 pounds of material were purchased at a cost of $2.50 per pound. b. All of the material purchased was used to produce 1,500 units of Zoom. c. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Note: For all requirements, 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. Round your intermediate calculations to the nearest whole dollar. 1. Materials price variance 1. Materials quantity variance 2. Labor rate variance 2. Labor efciency variance