Standard Quantity allowed = 3700*0.55 = 2035 |
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Standard cost allowed = 2035*8 = 16280 |
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Materials spending variance = 16280-17434 = 1154 U |
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Materials Price Variance = (SP-AP) *AH = (8-17434/2294)*2294 = 918 F Materials Quantity Variance = (SQ-AQ)*SP = (2035-2294)*8 = 2072 U |
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet...
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 2,442 kilograms of plastic. The plastic cost the company $16,117. According to the standard cost card, each helmet should require 0.58 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ)...
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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 2,331 kilograms of plastic. The plastic cost the company $15,385. According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ)...
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