For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting). On December 7, Oklahoma City Thunder sold a $112 ticket to a basketball game to be played in March. Tesla sold and delivered a $80,000 car on December 25. The customer will not pay until February. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $32,000 due at the end of the contract. On December 31, 75% of the services have been completed.

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?