Question

1. value: 10.00 points 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 3,100 helmets, using 2,139 kilograms of plastic. The plastic cost the company 516,256. According to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. Required: 1. According to the standards, what cost for plastic should have been incurred to make 3,100 helmets? How much greater or less is this than the cost that was incurred? (Round "standard kilograms of plastic per helmet" to 1 decimal place.) Number of helmets Standard kllograms of plastic per helmet Total standard kilograms allowed Standard cost per kilogram Total standard cost Actual cost incurred Total standard cost 3,100 0.6 1,860 S S 14.880 S 16,256 14,880 S 1,376 Unfavorable Total material variance 2. Break down the difference computed in (1) above into a materials price variance and a materials quantity variance. (Round your actual materials price to two decimal places, and round your final answers to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance

Answer 1

As HOMEWORKLIB RULES's policy I can answer only the 1st question. For answers of other question please post the questions separately :

Required 1 :
Number of helmets	3100
Standard kilograms of plastic per helmet	0.6
Total standard kilograms allowed	1860
Standard cost per kilogram	8
Total standard cost	14880
Actual cost incurred	16256
Total standard cost	14880
Total material variance	1376	Unfavorable

Required 2 :
Actual materials price = Actual material cost / Actual materials quantity = 16256/2139	7.60
Materials price variance = ( Actual price - Standard price ) * Actual quantity = ( 7.60 - 8 ) * 2139	856	F
Materials quantity variance = ( Actual quantity - Standard quantity ) * Standard price = ( 2139 - 1860 ) * 8	2232	U