ending March 31 the company manuflackured 3200 helmels ing 2

ending March 31, the company manuflackured 3,200 helmels, ing 2.464 kilograms of plastic The plastic cost the compeny 18,72 lased on the company\'s standard cost card for the heeteach helmet shos equie 0.7 klgrams of lastic at Required cost of 58 per klogram . Bien aren ne-ene sop manh)abon nie a mnen?\" pla tanroe and a satenaa aatiy vaareemound your actual materials price to two doma, places, and round your fin -answers to

Solution

1 Number of helmets 3200 Standard kg of plastic per helmet 0.7 kg Total Standard Kilograms allowed 2240 kg Standard Cost per Kilogram $8 [figure is not clearly visible, it is assumed that $8 is thea mount] Total Standard Cost $17,920 Actual Cost Incurred 18726 Total Standard Cost $17,920 Total Material Variance $806 Unfavourable 2 Material Price Variance = AQ(AP-SP) = 2464 kgs (*$7.60 - $8) 986 Favourable *Actual Price per kg = $18726/2464 kg = $7.60/kg Material Quantity Variance = SP(AQ-SQ) = $8 per kg (2464 kgs-2240 kgs) 1792 unfavourable