Bandar Industries manufactures sporting equipment. One of the company$$s products is a football helmet that requires special plastic. During the quarter ending June $30,$ the company manufactured $3,200$ helmets, using $2,144$ kilograms of plastic. The plastic cost the company $$16,294.$

According to the standard cost card, each helmet should require $0\mathrm{.}60$ kilograms of plastic, at a cost of $$8\mathrm{.}00$ per kilogram.

Required:

$1.$ What is the standard quantity of kilograms of plastic $($SQ$)$ that is allowed to make $3,200$ helmets?

$2.$ What is the standard materials cost allowed $($SQ $\backslash$times SP$)$ to make $3,200$ helmets?

$3.$ What is the materials spending variance?

$4.$ What is the materials price variance and the materials quantity variance?

Answer rating: 100% (QA)

1 Standard quantity of plastic required to make 3200 helmets Standard quantity per helmet 060 kg Tot... View the full answer