**Bandar Industries Manufacturing Cost Analysis**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 3,300 helmets, using 2,178 kilograms of plastic. The plastic cost the company $16,553.According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $8.00 per kilogram.**Required:**1. **Standard Quantity of Kilograms of Plastic (SQ):** - Determine the allowed kilograms of plastic to make 3,300 helmets.2. **Standard Materials Cost Allowed (SQ × SP):** - Calculate this cost for 3,300 helmets.3. **Materials Spending Variance:** - Compute the variance in spending on materials.4. **Materials Price Variance and Materials Quantity Variance:** - Analyze both variances.**Instructions for Analysis:**- 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.**Required Calculations and Analysis Table:**1. **Standard Quantity of Kilograms Allowed**2. **Standard Cost Allowed for Actual Output**3. **Materials Spending Variance**4. **Materials Price Variance**5. **Materials Quantity Variance**This guide assists in analyzing the material variances encountered during the manufacturing process.

The variance is the difference between the standard and actual cost production data. The variance…

Answered: Bandar Industries manufactures sporting…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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