Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bandar industries manufactures sporting equipment.

Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that...

80.2K

Verified Solution

Question

Accounting

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 3,500 helmets, using 2,555 kilograms of plastic. The plastic cost the company $19,418.
According to the standard cost card, each helmet should require 0.63 kilograms of plastic, at a cost of $8.00 per kilogram.
Required:
What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,500 helmets?
What is the standard materials cost allowed (SQSP) to make 3,500 helmets?
What is the materials spending variance?
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.)
\table[[,],[1.,Standard quantity of kilograms allowed,,],[2.,Standard cost allowed for actual output,,],[3.,Materials spending variance,,],[4.,Materials price variance,,],[,Materials quantity variance,,]]
image

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

operties of parallelograms Parallelogram 4 5 perpendicular congruent complementary 1 point bisect supplementary Consecutive same...

Geometry
Q

When monochromatic radiation of intensity I falls on a metal surface the number of photoelectron...

Physics
Q

A current is flowing through the loop as shown in figure below The magnetic field...

Physics
Q

10 a lim ex cos 2x X 0 b lim 4 sin x x 0...

Calculus
Q

Find all prime and maximal ideals of Z50 n

Algebra
Q

Information on four investment proposals is given below: Required: 1. Compute the profitability...

Accounting
Q

The Wentworth Company leased an asset from Appleton Company. Data: Asset BV: $250,000 Asset FMV:...

Accounting
Q

Who IS and IS NOT personally liable for any losses or damages? Who IS...

Accounting
Q

For each of the following accounts, indicate whether it normally possesses a debit or a...

Accounting
Q

Small, Radke, and Hepworth have capital balances before liquidation of $10,000, $26,000, and $41,000, respectively....

Accounting
Q

Compare and contrast the institutional process used by FASAB for establishing generally accepted accounting principles...

Accounting
Q

Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and...

Accounting