Exercise 10-1 (Algo) Direct Materials Variances [LO10-1] Bandat 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 3,400 helmets, using 2,414 kllograms of plastic. The plastic cost the company $18,346. According to the standard cost card, each helmet should require 0.64 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantify of kllograms of plastic (SQ) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SO SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Note: For requirements 3 and 4 , indicate the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations