Answer:
Instructions are listed below
Explanation:
Giving the following information:
During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,368 kilograms of plastic. The plastic cost the company $15,629. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, for $7.00 per kilogram.
A) Standard quantity.
SQ= 0.56kg * 3,700 helmets= 2,072 kg el plastic.
B) Standard cost.
SC= 2,072 kg* $7= $14,504
C) Material spending variance.
MSvariance= real cost - estimated cost= 15,629 - 14,504= $1,125 unfavorable
D)
Material price variance= (standard price - actual price)*actual quantity= [7 - (15,629/2,368)]*2,368= $947 unfavorable
Material quantity variance= (standard quantity - actual quantity)*standard price= (2,072 - 2,368)*7= $2,072 unfavorable
