Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plas During the quarter ending June 30, the company manufactured 3,200 helmets, using 1,920 kilograms of plastic. The plastic cost to company $14.592 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) that is allowed to make 3,200 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,200 helmets? 3. What is the materials spending variance? 4. What is 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, an "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. 1. Standard quantity of kilograms allowed
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plas During the quarter ending June 30, the company manufactured 3,200 helmets, using 1,920 kilograms of plastic. The plastic cost to company $14.592 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) that is allowed to make 3,200 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,200 helmets? 3. What is the materials spending variance? 4. What is 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, an "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. 1. Standard quantity of kilograms allowed
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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 3,200 helmets, using 1,920 kilograms of plastic. The plastic cost the
company $14,592
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) that is allowed to make 3,200 helmets?
2. What is the standard materials cost allowed (SQ SP) to make 3,200 helmets?
3. What is the materials spending variance?
4. What is 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 allowed t
2 Standard cost allowed for actual output
3. Materials spending variance
4. Materials price variance
4. Materials quantity variance
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