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5 Award 2000 points Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companys products, a fo
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Answer #1

1) Standard quantity of kilograms allowed= 3600 helmets*0.68 kgs

= 2448 kgs

2) Standard cost allowed for actual output= Standard quantity*Standard price

= 2448 kgs*$8.00 per kg

= $19584

3) Materials spending variance= Standard cost-Actual cost

= $19584-21341

= $1757 U

4) Materials price variance= (Actual quantity*Standard price)-(Actual quantity*Actual price)

= (2808*$8.00)-21341

= $1123 F

5) Materials quantity variance= (Standard quantity*Standard price)-(Actual quantity*Standard price)

= (3600*0.68*$8.00)-(2808*$8.00)

= $2880 U

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