Solution 1:
Bandar Industries | |
Number of helmets | 3600 |
Standard kilograms of plastic per helmet | 0.66 |
Total standard kilograms allowed | 2376 |
Standard cost per kilogram | $8 |
Total standard cost | $19,008 |
Actual costs incurred | $20,520 |
Total standard cost | $19,008 |
Total Material variance-Unfavorable | $1,512 |
Solution 2:
Actual material Price = $20520 / 2700 = $7.60
Material price variance = (SP - AP) * AQ = ($8 - $7.60) * 2700 = $1,080 Favorable
Material Quantity variance = (SQ - AQ) *SP = (2376 - 2700) * $8 = $2,592 Unfavorable
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 3,600 helmets, using 2,340 kilograms of plastic. The plastic cost the company $17,784. 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...
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 3,600 helmets, using 2,700 kilograms of plastic. The plastic cost the company $20,520. According to the standard cost card, each helmet should require 0.66 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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