The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.
Direct materials inventory, 1/1 $ 86,000
Direct materials inventory, 12/31 $ 102,000
Direct materials budgeted for use during year $ 344.000
Accounts payable to suppliers, 1/1 $ 54,000
Accounts payable to suppliers, 12/31 $ 64.000
Required:
1. For the year, budgeted purchases of direct materials amounted to .
A. $360,000.
B. $344,000.
C. $370,000.
D. $328,000.

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 standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?