MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
17th Edition
ISBN: 9781264343850
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 10, Problem 1E
EXERCISE 10-1 Direct Materials Variances LO10-1
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 35,000 helmets, using 22,500 kilograms of plastic. The plastic cost the company $171,000.
According to the
Required:
- What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets9
- What is the standard materials cost allowed (SQ xSP) to make 35,000 helmets?
- What is the materials spending variance?
- What is the materials price variance and the materials quantity' variance9
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Exercise 10-1 (Algo) Direct Materials Variances [LO10-1]
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 3,000 helmets, using 2,040 kilograms of plastic. The plastic cost the
company $15,504.
According to the standard cost card, each helmet should require 0.59 kilogram 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 3,000 helmets?
2. What is the standard materials cost allowed (SQ × SP) to make 3,000 helmets?
3. What is the materials spending variance?
4. What are the materials price variance and the materials quantity variance?
Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and
"None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round…
Exercise 10-1 (Algo) Direct Materials Variances [LO10-1]
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 3,100 helmets, using 1,891 kilograms of plastic. The plastic cost the company
$12,481.
According to the standard cost card, each helmet should require 0.56 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 3,100
helmets?
2. What is the standard materials cost allowed (SQ × SP) to make 3,100 helmets?
3. What is the materials spending variance?
4. What is the materials price variance and the materials quantity variance?
(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all
amounts as positive values. Do not round…
Exercise 9-4 Direct Materials Variances [LO9-4]
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 3,600 helmets,
using 2,484 kilograms of plastic. The plastic cost the company $16,394.
According to the standard cost card, each helmet should require 0.63 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 3,600 helmets?
2. What is the standard materials cost allowed (SQ x SP) to make 3,600 helmets?
3. What is the materials spending variance?
4. What is the materials price variance and the materials quantity variance?
(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for
no effect (i.e., zero variance). Input all amounts as…
Chapter 10 Solutions
MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
Ch. 10.A - EXERCISE 10A-1 Fixed Overhead Variances LO10-4...Ch. 10.A - EXERCISE 10A-2 Predetermined Overhead Rate;...Ch. 10.A - Prob. 3ECh. 10.A - EXERCISE 10A-4 Fixed Overhead Variances LO10-4...Ch. 10.A - EXERCISE 10A5 Using Fixed Overhead Variances LO104...Ch. 10.A - EXERCISE 10A-6 Predetermined Overhead Rate LO10-4...Ch. 10.A - EXERCISE 10A-7 Relations Among Fixed Overhead...Ch. 10.A - Prob. 8PCh. 10.A - PROBLEM 10A-9 Applying Overhead; Overhead...Ch. 10.A - PROBLEM 10A-10 Comprehensive Standard Cost...
Ch. 10.A -
PROBLEM 10A-11 Comprehensive Standard Cost...Ch. 10.A - Prob. 12PCh. 10.B - EXERCISE 10B-1 Standard Cost Flows; Income...Ch. 10.B - Prob. 2ECh. 10.B - Prob. 3ECh. 10.B - Prob. 4ECh. 10.B - Prob. 5PCh. 10.B - Prob. 6PCh. 10 - Prob. 1QCh. 10 - Why are separate price and quantity variances...Ch. 10 - 10-3 Who is generally responsible for the...Ch. 10 - The materials price variance can be computed at...Ch. 10 - 10-5 If the materials price variance is favorable...Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - 10-8 What effect, if any, would you expect...Ch. 10 - 10-9 If variable manufacturing overhead is applied...Ch. 10 - 10-10 Why can undue emphasis on labor efficiency...Ch. 10 -
The Excel worksheet form that appears below is to...Ch. 10 - Prob. 2AECh. 10 - Prob. 1F15Ch. 10 - Prob. 2F15Ch. 10 - Prob. 3F15Ch. 10 - Prob. 4F15Ch. 10 - Prob. 5F15Ch. 10 - Prob. 6F15Ch. 10 - Prob. 7F15Ch. 10 - Prob. 8F15Ch. 10 - Prob. 9F15Ch. 10 - Preble Company manufactures one product. Its...Ch. 10 - Prob. 11F15Ch. 10 - Prob. 12F15Ch. 10 - Prob. 13F15Ch. 10 - Prob. 14F15Ch. 10 - Prob. 15F15Ch. 10 - EXERCISE 10-1 Direct Materials Variances LO10-1...Ch. 10 -
EXERCISE 10-2 Direct Labor Variances...Ch. 10 -
EXERCISE 10–3 Variable Overhead Variances...Ch. 10 - EXERCISE 10-4 Direct Labor and Variable...Ch. 10 -
EXERCISE 10-5 Working Backwards from Labor...Ch. 10 - EXERCISE 10-6 Direct Materials and Direct Labor...Ch. 10 - EXERCISE 10-7 Direct Materials Variances LOIO-1...Ch. 10 -
EXERCISE 10-8 Direct Materials and Direct Labor...Ch. 10 -
PROBLEM 10-9 Comprehensive Variance Analysis...Ch. 10 -
PROBLEM 10-10 Multiple Products, Materials, and...Ch. 10 - PROBLEM 10-11 Direct Materials and Direct Labor...Ch. 10 - PROBLEM 10-12 Variance Analysis in a...Ch. 10 - Prob. 13PCh. 10 - Prob. 14PCh. 10 - PROBLEM 10-15 Comprehensive Variance Analysis...Ch. 10 - Prob. 16PCh. 10 - Prob. 17C
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- s Exercise 9-4 Direct Materials Variances [LO9-4] 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 3,800 helmets, using 2,622 kilograms of plastic. The plastic cost the company $19,927. According to the standard cost card, each helmet should require 0.60 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 3,800 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,800 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as…arrow_forwardces Exercise 9-4 (Algo) Direct Materials Variances [LO9-4] 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 3,600 helmets, using 2,412 kilograms of plastic. The plastic cost the company $15,919. According to the standard cost card, each helmet should require 0.60 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 3,600 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,600 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Mc Graw Hill (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).…arrow_forwardExercise 9-4 (Algo) Direct Materials Variances [LO9-4] 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 3,100 helmets, using 1,984 kilograms of plastic. The plastic cost the company $15,078. According to the standard cost card, each helmet should require 0.58 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 3,100 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,100 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as…arrow_forward
- Exercise 9-4 (Algo) Direct Materials Variances [LO9-4] 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 2,310 kilograms of plastic. The plastic cost the company $15,246. According to the standard cost card, each helmet should require 0.57 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 x 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? (For requirements 3 and 4, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts…arrow_forward23 Bailey Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purchases and use of material for April: Material purchased 10,000 yards Material used in production 10,000 yards Standard material allowed for suits produced 10,800 yards Its materials quantity variance for April was $6,000 Favorable. What does the company use as a standard price per yard of material for its safety suits? A. $5.75 per yard B. $7.50 per yard C. $6.25 per yard D. $6.00 per yardarrow_forward-/1 Question 8 View Policies Current Attempt in Progress Marigold Corp. has a materials price standard of $2.00 per pound. 5400 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5400 pounds, although the standard quantity allowed for the output was 4900 pounds. Marigold Corp.'s total materials variance is O $2180 U. O $2080 U. O $2180 F. O $2080 F. hparrow_forward
- Question 15 -/1 View Policies Current Attempt in Progress All Concord Corporation produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Concord purchased 3400 pounds of material for $11424 and used the material to produce 300 products. What was the materials price variance for December? $550 F O $3024 U O $3574 U O $476 F Chparrow_forwardquestion1 Weald Corporation manufactures Calculators. Each calculator requires 4 units of Part EZ52, which has a standard cost of Rs.1.45 per unit. During May, the company purchased 12,000 units of the part for a total of Rs.18,000. Also during May, the company manufactured 3,000 calculators, using 10,000 units of part EZ52. The direct materials purchases variance is computed when the materials are purchased. Calculate materials quantity variance during May, for part EZ52 was:question2: Casa Furniture manufactures chairs. The cost accounting system estimates manufacturing costs to be $80 per table, consisting of 60% variable costs and 40% fixed costs. The company has surplus capacity available. It is Purple Trees' policy to add a 50% markup to full costs. please be fast please A large hotel chain is currently expanding and has decided to decorate all new hotels using the new furniture. Casa is invited to submit a bid to the hotel chain. What per unit price will Casa most likely bid…arrow_forward-/1 Question 21 View Policies Current Attempt in Progress Oriole has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2200 units, Oriole used 3500 pounds of materials at a total cost of $20475. Oriole's materials quantity variance is O $2100 U. O $675 F. O $525 U. O $1200 U. hp ins prt sc f12 f11 f1o f9 f5 f8 17 f6 080 %3D 11 7arrow_forward
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