Exercise 11-1 Direct Materials Variances (LO11-11 Bandar industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a footballhelmet for the North Amercan market requires a special plastic. During the quarter ending June 30, the company manufactured 3,300 helmets, using 1947 ograms of plastic. The plastic cost the company $14,797 According to the standard cost card, each helmet should require 05 kilograms of plastic at a cost of $0 per kilogram Required: 1. According to the standards, what cost for plastic should have been incurred to make 3.300 of plastic per helmet to 1 decimal place.) mets? How much greater or less is this than the cost that was incurred? (Round "standard kilograms Number of helmets Standard kilograms of plastic per helmet Total standard kilograme allowed Standard cost per llogram Total standard cost Actual concurred Total material variance 2 Break down the ference computed in (1) above into a materials price variance and a maternais quantity variance (Round your actual materials price to two decimal places, and round your Tinal answers to the nearest whole dollar indicate the effect of each variance by selecting for favorable for unfavorable, and None for no t ... zero variance) 4 1252 AM ENG 10/12/2019 Type here to search Ota e 2. Break down the difference computed in (1) above into a materials price variance and a materials quantity variance. (Round you tinal answers to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable. "U" for unta Materials price variance Materials quantity variance References eBook & Resources Worksheet Difficulty: 1 Easy Exercise 11-1 Direct Materials Leaming Objective. 11-01 Compute the