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 using 2,808 kilograms of plastic. The plastic cost the company $18,53:3. According to the standard cost card, each Required: h helmet should require 0.64 kilograms of plastic, at a cost of $7.00 per kilogram. 1. Wwhat is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materiajs 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" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output5,953 4. Materials price variance 12,580 3Materals spending variance 1,123 546 Materials quantity variance