Exercise 10-1 (Algo) Direct Materials Variances [LO10-1] Bandar industries manufactures sporting equipment, One of A c companyn crotucts is a footboll heimet that requires speciat plastic. During the quarter ending June 30, the company manufactur 0.3900 he 3 ising 2,301 kilograns of plastic. The plastic cost the company $17,488 According to the standard cost card, each heimet should tequire 0.52 hilogianin of plastic; at a cost of $8.00 per kliogram, Required: 1. What is the standard quantity of kilograms of plastic (50) that is allowed to make 3.900 heimets? 2. What is the standard materiais cost allowed (SO 5SP) to make 3.900 helinets? 3. What is the materials spending variance? 4. Whot is the materlals price varience and the materials quantify variancef (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (L.0., rero variance), input all amounts as positive volues. Do not round intermediate calculations)