Connect XC Chegg Study | Guided Solut ? ?? ?https://newconnect.mheducation.com/f

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Connect XC Chegg Study | Guided Solut ? ?? ?https://newconnect.mheducation.com/flow/connect.html ??? Chapter 10 Homework G Help Save & Exit Submit Check my work 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 3,300 helmets, using 1,914 kilograms of plastic. The plastic cost the company $14,546. points According to the standard cost card, each helmet should require O.50 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 3,300 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,300 helmets? 3. What is the materials spending variance? eBook References4. 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 calculations.) 1. Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance 2. 4 Materials price variance Materials quantity variance Prev 1 of 5 Next > Hill 5:26 PM 4/15/2018

Explanation / Answer

Req 1: Actual output:   3300 units Std quantity required per unit of output: 0.50 kilo Std Quantity allowed for actual output(3300 units @0.50): 1650 kilo Req 2: Std price per kilo: $ 8.00 per kilo Std Quantity allowed for actual output(3300 units @0.50): 1650 kilo Std cost for actual output: Std quantity*Std price per kilo 1650 kilos *$ 8 = $ 13,200 Req 3: Material Spending variance= Std material cost for actual ouotput - Actual material cost 13200 -14,546 =$ 1346 unfavorable Req 4: Actual Quantity used: 1914 kilos Actual material cost: $ 14,546 Material Price variance = (Actual Quantity used*Std price)-Actual materialcost (1914*8) - 14546 = $ 766 Favorable Material Quantity variance= Std price (Std quantity-Actual Quantity) 8.00 (1650-1914)= $ 2114 Unfavorable

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