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 3,800 helmets, using 2,888 kilograms of plastic. The plastic cost the company $19,061. According to the standard cost card, each helmet should require 0.69 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. According to the standards, what cost for plastic should have been incurred to make 3,800 helmets? How much greater or less is this than the cost that was incurred? (Round Standard kilograms of plastic per helmet to 2 decimal places.) Number of helmets Standard kilograms of plastic per helmet Total standard kilograms allowed Standard cost per kilogram Total standard cost Actual cost incurred Total standard cost Total material variance-unfavourable 2. Break down the difference computed in (1) above into a materials price variance and a materials quantity variance. (Round your actual materials price to two decimal places, and round your final answers to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Materials price variance 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 3O, the company manufactured 3,400 helmets, using 2,142 kilograms of plastic. The plastic cost the company $16,279. According to the standard cost card, each helmet should require 0.54 kilograms of plastic, at a cost of $8.00 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 × SP) to make 3,400 helmets? 3. What is the materials spending variance? 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…

The T-Rex Company produces screen-printed T-shirts. To produce the shirts, T-Rex uses a standard quantity of 1.25 yards of polyester/cotton fabric that has a standard cost of $1.48 per yard. During the first quarter of 2014, T-Rex purchased and used 785,000 yards of fabric that cost $981,500. T-Rex manufactured 650,000 shirts during the quarter. As an accountant for the firm, your job is to find the direct materials price variance for fabric for the quarter. What are your findings? O $28,500 F O $29,875 F O $29,875 U O $23.550 U

Imperial Jewelers manufactures and sells a gold bracelet for $405.00. The company's accounting system says the unit product cost for this bracelet is $266.00, as shown below: Direct materials $ 149 82 Direct labor Manufacturing overhead Unit product cost 35 $ 266 es A wedding party has approached Imperial Jewelers about buying 27 gold bracelets for the discounted price of $365.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $7. Imperial Jewelers would have to buy a special tool for $457 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $8.00 of the overhead is variable with respect to the number of bracelets produced. The company also…