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Readme [11.4K]
3 years ago
12

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N

orth American market, requires a special plastic. During the quarter ending June 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. The plastic cost the company $171,000.According to the standard cost card, each helmet should require 0.6 kilgrams of plastic at a cost of $8 per kilogram.REQUIRED:1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets?2. What is the standard materials cost allowed (SQ X SP) to make 35,000 helmets?3. Wht is the materials spending variance?4. What is the materials price variance and the materials quantity variance?
Business
1 answer:
ExtremeBDS [4]3 years ago
8 0

Answer:

1.- 35,000 helment x 0.6 kilograms = 21,000 STD quantity

2.- 21,000 kilograms x $8 per kilogram = $168,000

3.- 9,000 F

4.- 12,000 U

Explanation:

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $8.00

actual cost  $7.60

quantity 22,500

(8.00 - 7.60) \times 22,500 = DM \: price \: variance

difference  $0.40

The actual cost for each kilogram is lower than expected. This means the copamny saved cash in the purchase. This variance is favorable.

saved 0.40 per kilograms x 22,500 purchased

price variance  $9,000.00

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity\: variance

std quantity 21000.00

actual quantity 22500.00

std cost  $8.00

(21,000 - 22,500) \times 8 = DM \: quantity\: variance

difference -1500.00

The actual quantity was higher than expected, this variance will be unfavorable

1,500 extra kilograms x $8 each =

quantity variance  $(12,000.00)

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Answer:

The correct option is D: $8.60

Explanation:

Average fixed cost of Pretty Flowers = $5.40

Average variable costs of Pretty Flowers = $3.20

We are asked to calculate the Average total cost of Pretty Flowers at this current level

Hence:

Average total cost Pretty Flowers = Average fixed cost of Pretty Flowers + Average variable costs of Pretty Flowers

If we substitute the value of these variables in the equation, we get:

Average total cost Pretty Flowers = $5.40 + $3.20 = $8.60

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Answer:

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From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

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Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

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On June 1, 2019, Irene places in service a new automobile that cost $21,000. The car is used 70% for business and 30% for person
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Answer:

a.$4,704

Explanation:

Depreciation rate applicable for 2nd year as per MACRS 5 year class property = 32%

So, Irene cost recovery deduction = $21,000 * 32% * 70% = $4,704

Hence, the cost recovery deduction for Irene in 2020 is $4,704.

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3 years ago
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov
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Answer:

a) The materials price variance 19026.33 unfav

b) Material Quantity Variance= $ 267 Unfav

c) Direct Labor Rate variance= $ 6127 Unfav

d) Direct labor Efficiency variance= 7710 Fav

e) Variable Overhead Rate Variance= 13099 fav

f) Variable Overhead Efficiency Variance= 3256.25  unfav

Explanation:

<em>First We find the missing figures such as standard quantity ,hours allowed , actual price, rate. Then we list the formulae to use. After that we put in the values of the amounts in the formulae to get the results. Unfavorable variances are those in which the actual quantities are greater than the standard quantities or input .</em>

Kropf Inc.

Given Standards

Direct materials 9.30 liters $ 8.90 per liter

<em>Standard Quantity allowed = 9.3 * 11500= 106950 Litres </em>

Direct labor 0.70 hours $ 25.70 per hour

Variable manufacturing overhead 0.70 hours $ 7.80 per hour

<em>Standard Hours Allowed </em>= $ 0.7 *11500= 8050

Actual Results Given

Actual output 11,500 units

Raw materials purchased 107,900 liters

Actual cost of raw materials purchased $ 979,500

<em>Actual Price</em><em>=</em> Cost/ Purchases=  $ 979,500/107,900 = $9.08

Raw materials used in production 106,980 liters

Actual direct labor-hours 7,750 hours

Actual direct labor cost $ 205,302

<em>Actual Rate</em><em>=</em>$ 205,302 / 7,750 = $ 26.49

Actual variable overhead cost $ 55,414

Actual Overhead Rate= $ 55,414/7,750 = $ 7.15

<u>Formulae to use </u>

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

<u>Working</u>

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

The materials price variance = ( $9.08*106,980 )- ($ 8.90 *106,980)

The materials price variance = (971148.38)- (952122)=19026.33 unfav

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($ 8.90 *106,980)-($ 8.90 *106,950)= $ 267 Unfav

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

Direct Labor Rate variance= ( 7,750*$ 26.49)- (7,750*$ 25.70)= $ 6127 Unfav

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

Direct labor Efficiency variance=(7,750*$ 25.70)-(8050*$ 25.70)= 7710 Fav

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

Variable Overhead Rate Variance=$ 55,414-( Actual Hours * Standard Variable Overhead Rate)

Variable Overhead Rate Variance=$ 55,414-(7,750*0.70 * $ 7.80)

Variable Overhead Rate Variance=$ 55,414- 42315= 13099 fav

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Variable Overhead Efficiency Variance= (7,750*0.70 * $ 7.80)- (7,750*0.70 * $ 7.15)=42315- 38788.15= 3256.25  unfav

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3 years ago
He is sincere change into Negative plssss​
soldier1979 [14.2K]

He is not sincere.

This is the negative form of the sentence.

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