Cyclone Industries manufactures sporting equipment. One of the company's products, a football helmet, requires a special...

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Cyclone Industries manufactures sporting equipment. One of the company's products, a football helmet, requires a special plastic. During the quarter ending June 30, the company purchased 30,000 kilograms of plastic. During that time, Cyclone Industries manufactured 35,000 helmets, using 26,250 kilograms of plastic. The plastic cost the company $63,000. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $2.25 per kilogram. What is the materials price variance? What is the materials quantity variance? Cyclone Industries manufactures sporting equipment. One of the company's products, a football helmet, requires a special plastic. During the quarter ending June 30, the company purchased 30,000 kilograms of plastic. During that time, Cyclone Industries manufactured 35,000 helmets, using 26,250 kilograms of plastic. The plastic cost the company $63,000. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $2.25 per kilogram. What is the materials price variance? What is the materials quantity variance?