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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: The actual results for August appear below: The actual results for August appear below: 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 (i.e., zero variance). Input all amounts as positive values.) 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 (i.e., zero variance). Input all amounts as positive values.) Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football heimet for the North American matket, requires a special plastic. During the quarter ending June 30 , the company manufactured 3,600 helmets, using 2,124 kilograms of plastic. The plastic cost the company $16,142. According to the standard cost card, each helmet should require 0.53 kilograms of plastic, at a cost of $8.00 per kilogram Required: 1. What is the standard quantity of kllograms of plastic (SO) that is allowed to make 3,600 heimets? 2. What is the standard materials cost allowed (SQ SP) to make 3,600 helmets? 3. What is the materlals spending variance? 4. What is the materials ptice 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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