Question

I do not know if my first three answers are right. If you could do all the parts it would much appreciated

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 1,947 kilograms of plastic. The plastic cost the company $12,850 7.14 points According to the standard cost card, each helmet should require 0.50 kilograms of plastic, at a cost of $7.00 per kilogram. Required 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,300 helmets? 2 What is the standard materials cost allowed (SQ x SP) to make 3,300 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? eBook Hint Print References(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1.650 11,550 1.300 Standard quantity of kilograms allowed 2. Standard cost allowed for actual outputS 3.Materials spending variance Materials price variance Materials quantity variance

Answer 1

Standard Data
1 Helmet		0.5 Kg of Plastic
Price per Kg of Plastic		$7
Actual Data
3300 Helmet		1947 Kg of Plastic
So, 1 Helmet Requires		1.7	Kg of Plastic
Price per Kg of Plastic		6.6
(12850/1947)
1. Standard quantity of Kilograms allowed to make 3300 helmets
(0.5 Plastic X 3300 helmets)
=1650 Kg Plastic Required
2.Standard Cost allowed for actual output (Plastic)
($7 X 3300 X 0.5)
=$ 11550
3-Material Spending Variance
(Standard price X Standard Quantity) - (Actual Quantity X Actual Price)
(3300 X0.5 X7)- 12850
= 11550 -12850
= 1300 Unfavorable (U)
3-Material Price Variance
(Standard price- Actual Price) X Actual Quantity
(7-6.6) X 1947
= 779 Favorable (F)
3-Material Quantity Variance
(Standard Quantity- Actual Quantity) X Standard price
= (1650-1947) X 7
=2079 Unfavorable (U)