(Please show calculations for study purposes)
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 2,244 kilograms of plastic. The plastic cost the company $17,054.
According to the standard cost card, each helmet should require 0.63 kilograms of plastic, at a cost of $8.00 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 × 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?
Standard Quantity allowed = 3300*0.63 = 2079 |
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Standard cost allowed = 2079*8 = 16632 |
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Materials spending variance = 16632-17054 = 422 U |
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Materials Price Variance = (SP-AP) *AQ = (8-17054/2244)*2244 = 898 F Materials Quantity Variance = (SQ-AQ) *SP= (2079-2244)*8 = 1320 U |
(Please show calculations for study purposes) Bandar Industries Berhad of Malaysia manufactures sporting equipment. One...
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