Exercise 9.4 (Algo) Direct Materials Variances [LO9-4] Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a foctball heimet for the North American market, requires a special plastic, During the quarter ending June 30 , the company manufactured 3,900 heimets, using 2,925 kilograms of plastic. The plastic cost the company $19,305. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $700 per kilogram. Required: 1. What 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 ( $OSP) to make 3,900 helmets? 3. What is the materials 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 valuek. Do not round intermediate calculations.)