5Bandar 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 3,300 helmets, using 2,541 kilograms of plastic. The plastic cost thecompany $16,771.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) that is allowed to make 3,300 helmets?2. What is the standard materials cost allowed (SQxSP) to make 3,300 helmets?3. What is the materials spending variance?4. What are 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.1. Standard quantity of kilograms allowed2. Standard cost allowed for actual output3. Materials spending variance4. Materials price variance4. Materials quantity varianceD

Given Data:Number of helmets manufactured: 3,300Actual plastic used: 2,541 kgActual cost of plastic:…

Answered: 5 Bandar Industries manufactures…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Imperial Jewelers manufactures and sells a gold bracelet for $405.00. The company's accounting system says the unit product cost for this bracelet is $266.00, as shown below: Direct materials $ 149 82 Direct labor Manufacturing overhead Unit product cost 35 $ 266 es A wedding party has approached Imperial Jewelers about buying 27 gold bracelets for the discounted price of $365.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $7. Imperial Jewelers would have to buy a special tool for $457 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $8.00 of the overhead is variable with respect to the number of bracelets produced. The company also…
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 3,700 helmets, using 2,516 kilograms of plastic. The plastic cost the company $19,122. According to the standard cost card, each helmet should require 0.59 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 3,700 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,700 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…
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Manji
H3. Account
Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company's accounting system says the unit product cost fo this bracelet is $267.00, as shown below: 41 es Direct materials Direct labor Manufacturing overhead Unit product cost $ 146 82 39 $ 267 A wedding party has approached Imperial Jewelers about buying 25 gold bracelets for the discounted price of $363.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperial Jewelers would have to buy a special tool for $453 to apply the filigree to the bracelets. The special tool would have no othe use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable with respect to the number of bracelet produced. The company also…
S
h4
A1
1 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 3,700 helmets, using 2,183 kilograms of plastic. The plastic cost the company $14,408. According to the standard cost card, each helmet should require 0.51 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 3,700 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,700 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.) 1. Standard quantity of kilograms…
Alocal toy manufacturer is using a production line that runs 8 hours per day and produces a toy that requires a total of 7 tasks to be performed. The dally demand Is 100 toys. Times of the tasks are 2.73, 201, 2.13,2.0, 2.61,2.71, and 2.95 minutes for A. B,C, D, E. F and G, respectively. However, due to the nature of the product there are precedence rules that must be observed. Such that Task A does not need any predecessors; task B requires task A to be completed. To start task C and task D. each require task 8 to be completed. Task C must be completed prior to stating task E. Task F needs both task Dand task E to be completed. Finally, task G can start only once task Fis completed.Given we apply the most remaining tasks rule for balancing the assembly line, with ties broken according to longest task time first, the tasks that will be assigned to the SECOND workstation are. a. A,B, and C B.Cand E C.None is the correct answer d. Eonly e Conly
Subject: Acounting

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