Exercise 9.4 (Algo) Direct Materials Variances (L09-4) 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 3,700 helmets, using 2.479 Kllograma of plastic. The plastic cost the company $18,840 According to the standard cost cord, each helmet should require 059 Kllograms of plastic, at a cost of $8.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,700 helmets? 2. What is the standard materials cost allowed ( SSP) to make 3,70 helmets? 3. What is the materials spending variance? 4 What is the materials price variance and the moterials 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 effectie, zero variance), Input all amounts as positive values. Do not round intermediate calculations.) 2.183 17,464 S 1. Standard quantity of kilograme allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance 4. Materials quantity variance