Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 2,176 kilograms of plastic. The plastic cost the company $14,362. According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $700 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 SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materiais 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 (l.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 4. Materials quantity variance 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 2,176 kilograms of plastic. The plastic cost the company $14,362. According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $700 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 SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materiais 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 (l.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 4. Materials quantity variance
Expert Answer:
Answer rating: 100% (QA)
Solution 1 Standard quantity of kilograms allowed Actual output Standar... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
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...
-
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companys products, a football helmet for the North American market, requires a special plastic. During the quarter...
-
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...
-
Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Wolverine, Merrell, Stride Rite, and...
-
Explain the 100% rule. Assume you are telling your roommate about this rule and use an example that is relevant to him or her.
-
On January 1, 2022, Uncle Company purchased 80 percent of Nephew Companys capital stock for $500,000 in cash and other assets. Nephew had a book value of $600,000, and the 20 percent noncontrolling...
-
Sketch how you would arrange four 3-in.-wide by 12-in.long thin but rigid strips of sheet metal on a hub to create a windmill like the one. Discuss, with the help of velocity triangles, how you would...
-
You are the controller for Tippets Watch Company, a manufacturer of high-quality watches. The company has excess watches, which it has not been able to market through its own distribution outlets. To...
-
Blossom Company purchases $50,300 of direct raw materials and it incurs $65,400 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $25,800 of direct raw...
-
Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. His W-2...
-
A stock is expected to pay $2.60 per share every year indefinitely and the equity cost of capital for the company is 10%. What price would an investor be expected to pay per share next year? A $13.00...
-
Define the term relevant range.
-
What is meant by the term cost?
-
Why is utilization management so important in a capitated environment?
-
Explain the features and provide examples of fixed and variable costs.
-
How does the time period affect the estimation of fixed and variable costs?
-
A 150mm long, 12.5mm diameter 304 stainless steel rod is being reduced in diameter to 12.0mm by turning on a lathe. The spindle rotates at N = 400rpm, and the tool is travelling at an axial speed of...
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
Whitman Company has just completed its first year of operations. The companys absorption costing income statement for the year appears below: The companys selling and administrative expenses consist...
-
Below are a number of costs that are incurred in a variety of organization. Required: Classify each cost as being variable or fixed with respect to the number of units of product or services sold by...
-
Bill has just returned from a duck hunting trip. He has brought home eight ducks. Bills friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John has presented him...
-
What do you understand by reversible and irreversible process? Give examples.
-
Define work. Show that work is a path function.
-
Separate the following into intensive and extensive properties : Mass, weight, volume, pressure, temperature, density, velocity, surface area, internal energy, potential energy.
Study smarter with the SolutionInn App