Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 3,500 helmets, using 2,590 kilograms of plastic: The plastic cost the company $17,094. According to the standard cost card, each helmet should require 0.66 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 3,500 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,500 helmets? 3. What is the materials spending varlance? 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 (1.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 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 3,500 helmets, using 2,590 kilograms of plastic: The plastic cost the company $17,094. According to the standard cost card, each helmet should require 0.66 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 3,500 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,500 helmets? 3. What is the materials spending varlance? 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 (1.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)
Answer Standard quantity of kilograms allowedSQ act... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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...
-
Do not round intermediate calculation; however for display purposes report intermediate steps rounded to four significant figures, Give your final answer(s) so four significant figures. The small...
-
Which one is not correct in the context of tax accounting? (a) Deferred tax liability might have resulted when tax expense on the income statement is less than tax payment based on tax code (b)...
-
Explain the advantages of using JDBC metadata for Java database applications.
-
Its impossible to purchase disability insurance covering 100 percent of lost income. Why?
-
At a given instant the boom AB of the tower crane rotates about the z axis with the motion shown. At this same instant, = 60 and the boom is rotating downward such that = 0.4 rad/s and = 0.6...
-
Consider a light wave that has \(X\) - and \(Y\)-polarization components of its electric field at point \(P\) given by \[ \begin{aligned} & \mathbf{u}_{X}(t)=\exp \left[-j 2...
-
Kobayashi Company has the following accounts: Instructions (a) Complete the table. Identify (1) The type of account as asset, liability, or owner's equity (for owner's equity accounts, also identify...
-
From the reading Welcome to Psychology 2e , an OpenStax in what ways do you have a better understanding of psychology? give examples and cite from the text
-
A 1.33-cm-diameter metal bar with a 3-cm gage length (l 0 ) is subjected to a tensile test. The following measurements are made in the plastic region: Determine the strain-hardening coefficient for...
-
Quality Assurance Inspection Sampling: Consider the manufacturing process of commodity computer memory chips. In order to control outgoing quality we need to design a sampling inspection plan. From...
-
At Chez Panisse, a restaurant in Berkeley, reservations are essential. At Aladdins Cave, a restaurant near the University of California San Diego, reservations are recommended. At Eli Cannons, a...
-
Outline approaches to make the business case for investment in digital marketing.
-
a. Explain how the U.S. import ban on haggis affected haggis producers and consumers in Scotland. b. Draw a graph of the market for haggis in Scotland to illustrate your answer to part (a). Identify...
-
Give examples of different types of content that can be used for content marketing and explain how they may be used through the purchase decision.
-
Devise an explanation of digital business for a colleague in the context of your organization.
-
2 Endogenous Growth Theory (5 marks) In the AK model with production function Y = AK. Assume g = = 0 and population is fixed. The saving rate is s and the depreciate rate of capital of 8. 1 a. What...
-
If a process has a six-sigma capability, what is the process capability index? a. 1 b. 2 c. 6 d. 12
-
Emily and her parents, Doug and Bev, are anxious to complete and analyze the updated June 30, 2017, financial statements. The following information represents additional adjustment data and...
-
These items are taken from financial statements of Beaulieu Limited for the year ended December 31, 2018: Cash.......................................................................................$...
-
How do the return on assets ratio and the debt to total assets ratio help to explain the return on common shareholders' equity ratio?
-
Integral balances can also be used for heat transfer in a turbulent-flow boundary layer if a form for the velocity profile is assumed. A common form is the 1/7th-power law:...
-
Air at \(300 \mathrm{~K}\) and \(1 \mathrm{~atm}\) flows along a flat plate at \(3 \mathrm{~m} / \mathrm{s}\). At a location of \(0.3 \mathrm{~m}\) from the leading edge, find the thickness of the...
-
A vertical plate \(3 \mathrm{~m}\) long is at a temperature of \(400 \mathrm{~K}\) and exposed to air at \(300 \mathrm{~K}\). Calculate the thickness of the boundary layer and the value of the local...
Study smarter with the SolutionInn App