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What is the materials spending variance

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Reference no: EM132522037

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 3,500 helmets, using 2,170 kilograms of plastic. The plastic cost the company $14,322.

  • According to the standard cost card, each helmet should require 0.54 kilograms of plastic, at a cost of $7.00 per kilogram.

Required:

Question 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,500 helmets?

Question 2. What is the standard materials cost allowed (SQ × SP) to make 3,500 helmets?

Question 3. What is the materials spending variance?

Question 4. What is the materials price variance and the materials quantity variance?

Reference no: EM132522037

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