Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet forthe North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,900helmets, using 2,301 kilograms of plastic. The plastic cost the company $15,187.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 plestic (SQ) that is allowed to make 3,900 helmets?2. What is the standard materlals cost allowed (SQ x SP) to make 3,900 helmets?3. What is the materials spending variance?4. What is the materlals price varlance and the materlals quantity varlance?(For requirements 3 and 4, Indicate the effect of each varlance 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.)Standard quantily of kilograms allowedStandard cont allowed for actual outputMaterials spending varianceMaterials price varianceMaterials quantity variance1.2.3.4.

Answered: Bandar Industries Berhad of Malaysia…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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