Exercise $9-4($Algo$)$ Direct Materials Variances $[$LO$9-4]$

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 $3,800$ helmets, using $2,432$ kilograms of plastic. The plastic cost the company $$18,483.$

According to the standard cost card, each helmet should require $0\mathrm{.}55$ kilograms of plastic, at a cost of $$8\mathrm{.}00$ per kilogram.

Required:

What is the standard quantity of kilograms of plastic $(SQ)$ that is allowed to make $3,800$ helmets?

What is the standard materials cost allowed $(SQSP)$ to make $3,800$ helmets?

What is the materials spending variance?

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.$)$

$\backslash$table$[[1.$ Standard quantity of kilograms allowed,$1,925],[2.$ Standard cost allowed for actual output,$15,400],[3.$ Materials spending variance,$3,083],[4.$ Materials price variance,$3,\frac{244}{?}=$