Exercise 9-4 (Algo) Direct Materials Variances [LO9-4]Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for theNorth American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,200 helmets,using 2,048 kilograms of plastic. The plastic cost the company $13,517.According to the standard cost card, each helmet should require 0.55 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 3,200 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?(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" forno 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 variance

Step 1: 1) standard quantity of kilograms of plastic (SQ) that is allowed to make 3,200 helmets…

Answered: Exercise 9-4 (Algo) Direct Materials…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Exercise 9-4 (Algo) Direct Materials Variances [LO9-4] 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 3,500 helmets, using 2,310 kilograms of plastic. The plastic cost the company $15,246. 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) that is allowed to make 3,500 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,500 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 (l.e., zero varlance). Input all amounts…
Nn.63. Subject :- Account
Bandar Industries Exercise 10-1(Algo) Direct Materials Variances (LO10-1)
Exercise 16-36 (Algo) Variable Cost Variances (LO 16-5) Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 112,000 liters at a budgeted price of $165 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials Direct labor (2 pounda (0.5 hour $10) $20 $36) Variable overhead is applied based on direct labor hours. The variable overhead rate is $80 per direct labor hour. The fixed overhead rate (at the master budget level of activity) is $40 per unit. All non-manufacturing costs are fixed and are budgeted at $1.8 million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $522,000 unfavorable. The following is the actual income statement (in thousands of dollars) for the year. Sales revenue $17,736 Las variable costa 1,948…
K Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.50 per pound. 16,400 units used 36,500 pounds, which were purchased at $3.65 per pound. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 5,475 V Unfavorable Favorable Unfavorable ✓ a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance $ -4,425 X Check My Work Jhry Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). Cost…
s Exercise 9-4 Direct Materials Variances [LO9-4] 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 2,622 kilograms of plastic. The plastic cost the company $19,927. According to the standard cost card, each helmet should require 0.60 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 3,800 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,800 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 (l.e., zero variance). Input all amounts as…
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