Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companys products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,257 kilograms of plastic. The plastic cost the company $14,896 According to the standard cost card, each helmet should require 0.52 kilgrams of plastic at a cost of $7 per kilogram.

REQUIRED: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3700 helmets?

2. What is the standard materials cost allowed (SQ X SP) to make 3,700 helmets?

3. What is the materials spending variance?

4. What is the materials price variance and the materials quantity variance?