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 36,000 helmets, using 24,480 kilograms of plastic. The plastic cost the company RM186,048. (The currency in Malaysia is the ringgit, which is denoted here by RM.)

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 36,000 helmets, using 24,480 kilograms of plastic. The plastic cost the company RM186,048. (The currency in Malaysia is the ringgit, which is denoted here by RM.) According to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of RM8 per kilogram. Requirement 1: (a) What cost for plastic should have been incurred to make 36,000 helmets? (Omit the "RM" sign in your response.) Cost incurred RM (b) How much greater or less is this than the cost that was incurred? (Omit the "RM" sign in your response.) Standard cost is (Click to select) by RM than the actual cost incurred Requirement 2: Break down the difference computed in Requirement 1 above into a materials price variance and a materials quantity variance. (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. Omit the "RM" sign in your response.) Materials price variance RM (Click to select) Materials quantity variance RM (Click to select)