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Lone Star College-Start Ch myLone Star Login LSCS Portal Page https:/ low/connect.htm 10 Graded Exercises Help Save&Exit; Bandar Industries Berhad using 2,244 kilograms of plastic. The plastic cost the company $14,810 According to the standard cost card, each helmet should require 0.56 kilograms of plastic, at a cost of $7.00 per kilogram. of Malaysia manufactures sporting equipment. One of the company\'s products, a football helmet for the quires a special plastic. During the quarter ending June 30, the company manufactured 3,400 helmets 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? ces (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.) of k Materials spending variance

Solution

1 Standard Quantity of Kilograms Required 1904 2 Standard cost allowed for actual output $ 13,328.00 3 Material Spending Variance Actual Price $            6.60 LESS : Standard Price $            7.00 $          (0.40) x No. of Units Produced 3400 $ (1,360.00) Favourable 4 Material Price Variance Standard Price $            7.00 LESS : Actual Price $            6.60 $            0.40 x No. of Units Produced 3400 $    1,360.00 Unfavourable Material Qty Variance Standard usage in units 1904 Kg Actual usage in units 2244 Kg (340 Kg) x Standard cost per unit $            7.00 $ (2,380.00) Unfavourable