Standard Quantity allowed = 3000*0.58
= 1740
Standard cost allowed = 1740*8
= 13920
Materials spending variance = 13920-14364
= 444 U
Materials Price Variance = (SP-AP) *AQ=(8-14364/1890)*1890
= 756 F
Materials Quantity Variance = (SQ-AQ) *SP = (1740-1890)*8
= 1200 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 3,000 helmets, using 1,890 kilograms of plastic. The plastic cost the company $12,474 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 3,000 helmets, using 1,980 kilograms of plastic. The plastic cost the company $15,048. According to the standard cost card, each helmet should require 0.60 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ)...
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