Income statement preparation adam and arin adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year ended december 31, 2019. the following information is received from the adams family a. create a personal income and expense statement for the period ended december 31, 2019. it should be similar to a corporate income statement. b. did the adams family have a cash surplus or cash deficit? c. if the result is a surplus, how can the adams family use that surplus?

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?