Standard Quantity allowed = 3700*0.57
= 2109
Standard cost allowed = 2109*7
= 14763
Materials spending variance = 14763-15385
= 622 U
Materials Price Variance = (SP_AP) *AQ= (7 - 15385/2331)*2331
= 932 F
Materials Quantity Variance = (SQ-AQ) *SP = (2109-2331)*7
= 1554 U
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet...
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