ok Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ok 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 3,400 helmets, using 1,972 kilograms of plastic. The plastic cost the company $13,015. According to the standard cost card, each helmet should require 0.52 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 3,400 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,400 helmets? t 3. What is the materials spending variance? ht 4. What is the materials price variance and the materials quantity variance? (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. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance Materials quantity variance ok 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 3,400 helmets, using 1,972 kilograms of plastic. The plastic cost the company $13,015. According to the standard cost card, each helmet should require 0.52 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 3,400 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,400 helmets? t 3. What is the materials spending variance? ht 4. What is the materials price variance and the materials quantity variance? (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. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance Materials quantity variance
Expert Answer:
Answer rating: 100% (QA)
1 The standard quantity of kilograms of plastic SQ allowed to make 3400 helmets can be calculated as ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Identify the type of accounts that would appear on a firms income statement?
-
Automobiles air bags are filled via the decomposition of sodium azide, according to the following equation: 2 NaN3 (s) 2 Na (s) +3 N2 (g) Calculate the work (in L atm) when 2.25 g of sodium azide...
-
In Example 6.11, we calculated the with-replacement variance for ṫHT. In this example, the sampling fraction n/N is 1/3, so the with-replacement variance is likely to overestimate...
-
Solve 4912-14t+1=0
-
A test was made of the hypotheses H0: = 10 versus H1: > 10. A report of the results stated: The critical value was 1.645. Since z > 1.645, we reject H0 at the = 0.05 level. Is there any additional...
-
George Fine, owner of Fine Manufacturing, is considering the introduction of a new product line. George has considered factors such as costs of raw materials, new equipment, and requirements of a new...
-
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the...
-
The following algorithm (function) yz, where y, z E N. MULT(y, z) 1 if z = 0 2 3 4 5 then return 0 else if odd(2) then return MULT(2 y, [2/2]) + y else return MULT(2-y, [2/2]) What is the...
-
What are some best practices for writing clean and maintainable code? Provide examples of code snippets demonstrating these practices.
-
A certain light truck can go around a flat curve having a radius of 140 m with a maximum speed of 27.0 m/s. With what maximum speed can it go around a curve having a radius of 89.0 m?
-
How does the implementation of a centralized database system impact the efficiency and data accuracy in a large retail organization?
-
Write a project proposal on Predictive Policing Using Long Short Term Memory. The proposal must contain but not limted to; Abstract Introduction Project Problem Statement Objectives and Expectations...
-
How does the concept of moral relativism intersect with discussions surrounding ethical behavior in diverse cultural contexts ?
-
The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows: Sweet Dreams is considering eliminating the pillows product line. If they do so,...
-
Evaluate the line integral, where C is the given curve. C x 2 dx + y 2 dy, C consists of the arc of the circle x 2 + y 2 = 4 from (2, 0) to (0, 2) followed by the line segment from (0, 2) to (4, 3)
-
Determine the maximum uniform distributed load \(w\) that can be safely supported on the T-beam if the allowable bending stress is \(\sigma_{\text {allow }}=150 \mathrm{MPa}\) and the allowable shear...
-
The compound beam is made from two sections, which are pinned together at \(B\). Use Appendix B and select the lightest-weight wide-flange beam that would be safe for each section if the allowable...
-
The tapered beam supports a uniform distributed load \(w\). If it is made from a plate and has a constant width \(b\), determine the absolute maximum bending stress in the beam. ho I 2 ho L L 2 2 W I...
Study smarter with the SolutionInn App