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Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30 ,
Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30 , the company manufactured 3,500 helmets, using 2,590 kilograms of plastic. The plastic cost the company $17,094. According to the standard cost card, each helmet should require 0.69 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3.500 helmets? 2. What is the standard materials cost allowed (SQ (SP) to make 3.500 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requlrements 3 and 4 , Incllcate the effect of each verlance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (l.e., zero vorlence). Input all amounts as positlve volues. Do not round Intermedlate calculatlons.)
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