Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that...

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Accounting

Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires
special plastic. During the quarter ending June 30, the company manufactured 4,000 helmets, using 3,200 kilograms
of plastic. The plastic cost the company $24,320.
According to the standard cost card, each helmet should require 0.70 kllogram of plastic, at a cost of $8.00 per
kllogram.
Required:
What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 4,000 helmets?
What is the standard materlals cost allowed (SQ SP) to make 4,000 helmets?
What is the materlals spending varlance?
What are the materlals price varlance and the materlals quantity varlance?
Note: For requirements 3 and 4, Indlcate the effect of each varlance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values. Do not round
Intermedlate calculations.
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