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 3,800 helmets, using 3,002 kilograms of plastic. The plastic cost the company $22,815. According to the standard cost card, each helmet should require 0.7 kilograms of plastic, at a cost of $8 per kilogram Required: 1. According to the standards, what cost for plastic should have been incurred to make 3.800 helmets? How much greater or less is this than the cost that was incurred? (Round "standard kilograms of plastic per helmet" to 1 decimal place.) Number of helmets Standard kilograms of plastic per helmet Total standard kilograms allowed Standard cost per kilogram Total standard cost Actual cost incurred Total standard cost Total material variance 2. Break down the difference computed in (1) above into a materials price variance and a materiais quantity variance (Round your actual materials price to two decimal places, and round your final answers to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance).) Materials price variance Materials quantity variance SkyChats, Inc. prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dil sauce with baby now potatoes and spring vegetables. During the most recent week, the company prepared 6.500 of these meals using 3.200 direct labor hours. The company paid these direct labor workers a total of $35.800 for this work, or $1150 per hour According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $11.00 per hour Required: 1. According to the standards, what direct labor cost should have been incurred to prepare 6.500 meals? How much does this differ from the actual direct labor cost? (Round labor hours per meal and labor cost per hour to 2 decimal places.) Number of meals prepared Standard direct labor. hours per meal Total direct labor hours lowed Standard direct labor cost per hour Total standard direct labor cost Actual cost incurred Total standard director con Total direct labor variance for favorable " for 2. Break down the d rence computed in (1) above into a laborate variance and a labor efficiency variance indicate the effect of each variance by selecting unfavorable, and "None for no effect le, mere variance).) Laborrate variance Labor efficiency variance Logistics Solutions provides orderulment services for dot.com merchants. The company maintains warehouses that stack items carried by its dot.com clients. When a contractives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor hours In the most recent month, 145,000 items were shipped to customers using 5.600 direct labor hours. The company incurred a total of $17,080 in variable overhead costs. According to the company's standards, 0.04 direct labor hours are required to an order for one Item and the variable overhead rate is $3.10 per direct labor-hour. Required: 1. According to the standards, what variable overhead cost should have been incurred to cost? (Round labor hours per item and overhead cost per hour to 2 decimal places.) the orders for the 145 000 items? How much does this differ from the actual variable overhead Number of items shipped Standard drect labor-hours per om Total direct labor-hours allowed Total standard variable overhead cost Actual variable overhead cos incurred Total standard variable overhead cost Total variable overhead variante 2. Break down the difference computed in (1) above into a variable overhead rate variance and a variable overhead officiency variance indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effectie, are variances) Variable overhead rate variance Variatie overhead efficiency variance