Question
In: Accounting
Bandar Industries manufactures sporting equipment. One of the company’s products is a football helmet that requires...
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 2,263 kilograms of plastic. The plastic cost the company $19,462.
According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $9.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,100 helmets?
2. What is the standard materials cost allowed (SQ × SP) to make 3,100 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.)
Solutions
ekkarill92 answered 1 year 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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