Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June the company manufactured helmets, using kilograms of plastic. The plastic cost the company $
According to the standard cost card, each helmet should require kilogram of plastic, at a cost of $ per kilogram.
Required:
What is the standard quantity of kilograms of plastic SQ that is allowed to make helmets?
What is the standard materials cost allowed SQ SP to make helmets?
What is the materials spending variance?
What are the materials price variance and the materials quantity variance?
Note: For requirements and indicate the effect of each variance by selecting F for favorable, for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Do not round intermediate calculations.
table Standard quantity of kilograms allowed,, Standard cost allowed for actual output,, Materials spending variance,, Materials price variance,, Materials quantity variance,,
