Question
In: Accounting
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,400 helmets, using 2,516 kilograms of plastic. The plastic cost the company $19,122. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,800 helmets,
using 2,774 kilograms of plastic. The plastic cost the company
$18,308.
According to the standard cost card, each helmet should require
0.68 kilograms of plastic, at a cost of $7.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 2,079 kilograms of plastic. The plastic cost the company
$15,800. According to the standard cost card, each helmet should
require 0.57 kilograms of plastic, at a cost of $8.00 per kilogram.
Required: 1. What is the standard quantity of kilograms of plastic
(SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,600 helmets,
using 2,700 kilograms of plastic. The plastic cost the company
$20,520.
According to the standard cost
card, each helmet should require 0.68 kilograms of plastic, at a
cost of $8.00 per kilogram.
Required:
1.
According to the standards, what cost for plastic should have...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,800 helmets,
using 2,394 kilograms of plastic. The plastic cost the company
$18,194. According to the standard cost card, each helmet should
require 0.58 kilograms of plastic, at a cost of $8.00 per kilogram.
Required: 1. What is the standard quantity of kilograms of plastic
(SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,100 helmets,
using 2,046 kilograms of plastic. The plastic cost the company
$13,504.
According to the standard cost card, each helmet should require
0.57 kilograms of plastic, at a cost of $7.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,200 helmets,
using 2,336 kilograms of plastic. The plastic cost the company
$15,418.
According to the standard cost card, each helmet should require
0.65 kilograms of plastic, at a cost of $7.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,400 helmets,
using 2,142 kilograms of plastic. The plastic cost the company
$16,279.
According to the standard cost card, each helmet should require
0.56 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,400 helmets,
using 2,142 kilograms of plastic. The plastic cost the company
$16,279.
According to the standard cost card, each helmet should require
0.56 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 1,980 kilograms of plastic. The plastic cost the company
$15,048.
According to the standard cost card, each helmet should require
0.51 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet...
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 3,600 helmets,
using 2,052 kilograms of plastic. The plastic cost the company
$15,595. According to the standard cost card, each helmet should
require 0.51 kilograms of plastic, at a cost of $8.00 per
kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ)...
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