Exercise 10-1 Direct Materials Variances (L010-11 ook 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, using 2,077 kilograms of plastic. The plastic cost the company $13,708. According to the standard cost card, each helmet should require 059 kilograms of plastic at a cost of $700 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 (SQSP) to make 3,100 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 varionce by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) sences 2 3 Standard quantly of kilograms wilowed Standard cost allowed for actual output Materials spending variance Materials price variance Materiais quantity variance