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What is the materials price variance in dollars

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Bandar Industries manufactures sporting equipment. During the quarter ending June 30, the company manufactured 35,000 helmets, using 20,500 kilograms of plastic. The plastic cost $171,000.

According to standard costs, each helmet should require 0.6 kilgrams of plastic at a cost of $8 per kilogram.

Question 1: What is the materials price variance (dollars)?

Question 2: Is the materials price variance favorable or unfavorable?

Question 3: What is the materials quantity variance (dollars)?

Question 4: Is the materials quantity variance favorable or unfavorable?

Question 5: What is the total materials variance (dollars)?

Question 6: Is the total materials variance favorable or unfavorable?

Reference no: EM132516762

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