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Quiccene Oystetia faims and selis oysters in the Pacific Norewest. The colsiany harvithad and toly Required: Calculate the company's revenue and spending variances for August.
Quiccene Oystetia faims and selis oysters in the Pacific Norewest. The colsiany harvithad and toly Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values.) of the company's products, of Malaysia manufactures sporting equipment. One requires a special plastic. During the quarter for the North American market, manufactured 3,000 helic. During the quarter ending June 30 , the company manufactured 3,000 helmets, using 2,250 kilograms of plastic. The plastic cost the company $14,850 According to the standard cost card, each helmet should require 0.69 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 3,000 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,000 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.)
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