Exercise 9-4 (Algo) Direct Materials Variances [LO9-4] Bandar Industries Berhad of Maleysia manufoctures sporting equipment. One of the companys products, a football heimet for the North American market, requires a special plastic, During the quarter ending June 30 , the company manufactured 3,200 helmets. using 2,432 kilograms of plastic. The plastic cost the company $18,483 According to the standard cost card, each heimet shouid require 0.69 kilograms of plastic, at a cost of 58.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SO) that is allowed to make 3,200 helmets? 2. What is the standard materials cost allowod (SQ SP) to make 3,200 holmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials cuantity variance? (For requirements 3 and 4 , Indicate the effect of each variance by selecting "F" for fovorable, " U " for unfavorable, and "None" for no effect (Le... rero variance), Input all amounts as positive values, Do not round intermediate calculations.)