Exercise 10-1 (Algo) Direct Materials Variances [LO10-1] 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 3,100 helmets, using 1,798 kilograms of plastic. The plastic cost the company $11,867 According to the standard cost card, each helmet should require 0.51 kllograms of plastic, at a cost of 57.00 per kilogram. Requlred: 1. What is the standard quantity of kllograms of plastic (SQ) that is allowed to make 3,100 neimets? 2. What is the standard moterials cost allowed (SQ SP) to make 3.100 heimets? 3. What is the materials spending vanance? 4. What is the matenals 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" for no effect (i.e., zero varience). Input all amounts as positive values. Do not round intermediate calculations.)