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 14,000 helmets, using 24,500 kilograms of plastic. The plastic cost the company $204,575.
According to the standard cost card, each helmet should require 0.5 kilograms of plastic, at a cost of $8.2 per kilogram.
What is the Material Price Variance?
A)$2,100 Unfavorable
B)$2,100 Favorable
C)$3,676 Favorable
D)$3,675 Unfavorable
D) $3,675 Unfavorable
Materials price variance = AQ (AP – SP)
Materials price variance = 24,500 kilograms ($8.35 per kilogram* – $8.20 per kilogram)
Materials price variance = $3,675 Unfavorable
* $204,575 ÷ 24,500 kilograms = $8.35 per kilogram
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 2,220 kilograms of plastic. The plastic cost the company
$16,872.
According to the standard cost card, each helmet should require
0.51 kilograms of plastic, at a cost of $8.00 per kilogram.
?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 3,300 helmets,
using 1,914 kilograms of plastic. The plastic cost the company
$14,546.
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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