Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the compar helmet for the North American market, requires a special plastic. During the quarter ending manufactured 3,300 helmets, using 2,541 kilograms of plastic. The plastic cost the company According to the standard cost card, each helmet should require 0.70 kilograms of plastic, a kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,300 he 2. What is the standard materials cost allowed (SQ * SP) to make 3,300 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favor and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not calculations.) X Answer is complete but not entirely correct. 1. 2,244 2. Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance $ 15,708 X 3. $ 1,063X U Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the compar helmet for the North American market, requires a special plastic. During the quarter ending manufactured 3,300 helmets, using 2,541 kilograms of plastic. The plastic cost the company According to the standard cost card, each helmet should require 0.70 kilograms of plastic, a kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,300 he 2. What is the standard materials cost allowed (SQ * SP) to make 3,300 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favor and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not calculations.) X Answer is complete but not entirely correct. 1. 2,244 2. Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance $ 15,708 X 3. $ 1,063X U