Question

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

Bandar Industries Berhad of Malaysia 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, the company manufactured 3,500 helmets, using 2,695 kilograms of plastic. The plastic cost the company $17,787.

According to the standard cost card, each helmet should require 0.67 kilograms of plastic, at a cost of $7.00 per kilogram.

Required:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,500 helmets?

2. What is the standard materials cost allowed (SQ × SP) to make 3,500 helmets?

3. What is the materials spending variance?

4. What is the materials price variance and the materials quantity variance?

Homework Answers

Answer #1
Bandar Industries
Part 1
Number of helmets 3500
Standard kilograms of plastic per helmet 0.67
Total standard kilograms allowed 2345
Standard cost per kilogram 7
Total standard cost 16415
Actual cost incurred 17787
Total standard cost 16415
Total material variance—unfavorable 1372
Part 2
MPV = ( SP - AP ) * AQ purchased
MPV = ( 7 - 6.6 ) * 2695 = $ 1078 ( favourable ) AP = 17787 / 2244 2695
MQV = ( SQ - AQ ) SP
MQV = ( 2345 - 2695 ) * 7 = $ 2450 ( unfavourable )
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