Ans. 1 | Standard quantity of kilograms allowed = Number of helmets * Standard kilograms of plastic per helmet. | ||||
3,300 * 0.62 | |||||
2,046 kilograms | |||||
Ans. 2 | Total standard cost allowed = Total standard kilograms allowed * Standard cost per kilogram | ||||
2,046 * $8.00 | |||||
$16,368 | |||||
Ans. 3 | Materials spending variance = Total standard cost - Actual cost incurred | ||||
$16,368 - $17,305 | |||||
-$937 | (or $937 unfavorable) | ||||
Ans. 4 | Materials price variance = (Standard price * Actual quantity) - Actual materials purchased cost | ||||
($8 * 2,277) - $17,305 | |||||
$18,216 - $17,305 | |||||
$911 | favorable | ||||
Materials quantity variance = (Standard quantity - Actual quantity) * Standard price | |||||
(2,046 - 2,277) * $8 | |||||
-231 * $8 | |||||
-$1,848 | (or $1,848 unfavorable) | ||||
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet...
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