Edit View History Bookmarks Develop Window Help er 10 Homework Exercise 10-1 Direct Materials Variances [LO10-1) 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 3,100 helmets, usin 2.263 kilograms of plastic. The plastic cost the company $14,936 According to the standard cost card, each helmet should require 065 killograms 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 3,100 helmets? 2. What is the standard materials cost allowed SOSP) to make 3100 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" fo no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.) 1.Standard quantity of klograms allowed 2 Standard cost allowed for actual output 3 Materials spending variance 4. Materials price variance Materials quantity variance 8 0