Ans. 1 | Standard quantity of kilograms allowed = Number of helmets * Standard kilograms of plastic per helmet. | |||
3,100 * 0.53 | ||||
1,643 kilograms | ||||
Ans. 2 | Total standard cost allowed = Total standard kilograms allowed * Standard cost per kilogram | |||
1,643 * $7 | ||||
$11,501 | ||||
Ans. 3 | Materials spending variance = Total standard cost - Actual cost incurred | |||
$11,501 - $12,071 | ||||
-$570 | (or $570 unfavorable) | |||
Ans. 4 | Materials price variance = (Standard price * Actual quantity) - Actual materials purchased cost | |||
($7 * 1,829) - $12,071 | ||||
$12,803 - $12,071 | ||||
$732 | favorable | |||
Materials quantity variance = (Standard quantity - actual quantity) * Standard price | ||||
(1,643 - 1,829) * $7 | ||||
-186* $7 | ||||
-$1,302 | (or $1,302 unfavorable) | |||
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