Exercise 10-1 DIrect Materlals Varlances 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 3,400 helmets, using 2,380 kilograms of plastic. The plastic cost the company $15,708. 12.5 points According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $7.00 per kilogram. eBook Requlred 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets? 2 What is the standard materials cost allowed (SQ x 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? Hint (For requlrements 3 and 4, Indlcete the effect of each varlence by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero verlance). Input all amounts as posltlve values. Do not round Intermedlete calculatlons.) Print References Standard quantity of kilograms allowed 2. Standard cost allowed for actual output Materials spending variance Materials price vanance Materials quantity variance