QUESTION 1 A company manufactures sporting equipment. One of the company's products, a football helmet...
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QUESTION 1 A company 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, a company manufactured 10,000 helmets, using 8,000 kilograms of plastic. The plastic cost the company $45,000, or $5.63 per kilogram. According to the standard cost, each helmet should require 1.0kg of plastic, at a cost of $5.00 per kg (Al answers will be shown as positives, then you will separately identity the Favorable or Unfavorable perspective) 1. Using the standard costs, what is the total cost for plastic that should have been incurred to make the 10,000 helmets (calculate the standard cost at this level of activity? 24 3. How much greater or less is the expected standard cost at this level of production as compared to the actual cost? Calculate the Total Materials Variance? and is Favorable or Unfavorable? 485. What is the Materials Price Variance Favorable or Unfavorable 6&7. What is the Materials Quantity Variance and ist Favorable or Unfavora
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