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Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30 ,
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30 , the company manufactured 3,500 helmets, using 2,450 kilograms of plastic. The plastic cost the company $16,170. According to the standard cost card, each helmet should require 0.62 kilogram of plastic, at a cost of $7.00 per kllogram. Requlred: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,500 helmets? 2. What is the standard materlals cost allowed ( SQSP) to make 3,500 helmets? 3. What is the materials spending varlance? 4. What are the materials price varlance and the materials quantity varlance? Note: For requlrements 3 and 4 , Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values. Do not round Intermediate calculatlons
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