Question

According to the standard cost card, each helmet should require 0.52 kilograms of plastic, at a cost of $8.00 per kilogram. 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?

Answer 1

Answer:

Please find the complete question in the attached file and its solution can be defined as follows:

Explanation:

The standard kgs permitted$= 3100 \times 0.62 = 1922$

Current production Standard cost permitted $=1922\times 7= 13454$

Variance of materials for expenditure $= 13708-13454= 254 \ \ \ U$

Outlined various of materials $= 13708-(2077\times 7)= 831 \ \ \ F$

Variability of additional channel $= 7\times (2077-1922)= 1085\ \ \ U$