3 and 4 are wrong

material spending variance

and material price variance

Exercise 10-1 (Algo) Direct Materials Variances [LO10-1] Bandar industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plasti During the quarter ending June 30 , the company manufactured 3,900 helmets, using 2,808 kilograms of plastic. The plastic cost the company $21,341. According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $8.00 per kilogram, Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,900 heimets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Note: For requirements 3 and 4 , indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance), Input all amounts as positive values. Do not round intermediate calculations