Which of the following is not a step in the accounting process? Multiple Choice 1. Record relevant transactions and events in a journal. 2. Analyze each transaction and event using the accounting equation. 3. Identify each transaction and event from source documents. 4. Post journal information to ledger accounts. 5. Ensure all cash is distributed to stockholders at the end of each period.

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?