Standard Quantity allowed = 3700*0.69 = 2553 |
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Standard cost allowed = 2553*8 = 20424 |
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Materials spending variance = 20424-22215 = 1791 U |
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Materials Price Variance = (SR-AR) *AH = (8-22215/2923)*2923 = 1169 F Materials Quantity Variance = (SQ-AQ) *SP = (2553-2923)*8 = 2960 U |
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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 2,886 kilograms of plastic. The plastic cost the company $21,934. According to the standard cost card, each helmet should require 0.69 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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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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