None Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requiresspecial plastic. During the quarter ending June 30, the company manufactured 3,200 helmets, using 2,144 kilograms ofplastic. The plastic cost the company $16,294. According to the standard cost card, each helmet should require 0.60kilograms 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 3,200 helmets? 2. What is the standard materials cost allowed (SQ \times SP) to make 3, 200helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantityvariance?

Material variance is the difference between the actual and the standard costs of materials used in…

Answered: Bandar Industries manufactures sporting…

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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