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 companys products is a football helmet that...

60.1K

Verified Solution

Question

Accounting

Bandar Industries manufactures sporting equipment. One of the companys products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,100 helmets, using 1,953 kilograms of plastic. The plastic cost the company $16,796.
According to the standard cost card, each helmet should require 0.55 kilogram of plastic, at a cost of $9.00 per kilogram.
Required:
What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,100 helmets?
What is the standard materials cost allowed (SQ \times SP) to make 3,100 helmets?
What is the materials spending variance?
What are 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.

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

Biology
1.2K views

Mali grew into an economic power because it

Physics
1.2K views

In the figure R R 10 19 02 and the ideal battery has emf 12...

Physics
1.2K views

A rubber ball and a lump of clay have equal mass They are thrown with...

Physics
1.2K views

uring a ballistic test designed to measure the muzzle velocity of a rifle a 7...

Basic Math
1.2K views

4 32 Draw the shear and moment diagrams for the beam 6 ft 600 lb...

Calculus
1.2K views

Explain the difference between an absolute minimum and a local minimum O A function f...

Accounting
1.2K views

Find the cost of goods sold if sales total $78,587 for the inventory...

Accounting
1.2K views

Use the following to answer questions 1-4: Tier Company uses a periodic inventory...

Accounting
1.2K views

Need help filling this table out: AirQual Test Corporation provides on-site air...

Accounting
1.2K views

The accounts receivable balance for Renue Spa at December 31, Year 1, was $81,000. Also...

Accounting
1.2K views

E4-28 (similar to) Rochester Woodworking uses normal costing and allocates manufacturing overhead to jobs based...

Accounting
1.2K views

Thorston Corp. reports the following ledger balances at 11??2 related to its trade accounts receivable....