Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bandar industries berhad of malaysia manufactures

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football...

60.1K

Verified Solution

Question

Accounting

image

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 2,294 kilograms of plastic. The plastic cost the company $17,434. According to the standard cost card, each helmet should require 0.55 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 * 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" no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

The university finance department wants to know if the average age of students at their university...

Civil Engineering
1.2K views

A certain structural member of uniform cross section has its strain limited to 0.6mm/m. The member...

Finance
1.2K views

CAPITAL STRUCTURE, PAYOUT POLICY AND COST OF CAPITAL Pharma-C is a pharmaceutical firm that manufactures and...

Physics
1.2K views

A blacksmith fixes iron ring on rim of woods wheel of a cart The diameter...

Geometry
1.2K views

Triangles in the Coordinate Plane When legs are vertical and horizontal directly apply the formula...

Basic Math
1.2K views

ook Int int ences Required information The following information applies to the questions displayed below...

Basic Math
1.2K views

The mapping between the z transform and Laplace transform maps circles from s domain to...

Statistics
1.2K views

A study is done to see how long it takes songwriters to write a song...

Algebra
1.2K views

Conside following figure Note that the figure is not drawn to scale 83 Sa 50...

Accounting
1.2K views

BBB Ltd. is involved in a manufacturing business, it uses standard costing to...

Accounting
1.2K views

Pharoah Company's most successful product has the following unit data: selling price $2.56, variable costs...

Finance
1.2K views

As a shareholder of an oil company, you receive its annual report. In the financial...