please answer exercice 10-1 and 10-2

10 - Homework (Algorithmic) Chec Exercise 10-1 Direct Materials Variances (LO10-1) 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 3,300 helmets, using 2.244 kilograms of plastic. The plastic cost the company $17,054. According to the standard cost card, each helmet should require 0.58 kilograms 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 3,300 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,300 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 (.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance Prex 1 of 4 !!! Next > 10- Homework (Algorithmic) Help Save Ched Exercise 10-2 Direct Labor Variances (LO10-2] Sky Chefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 6,700 of these meals using 1,300 direct labor-hours. The company paid its direct labor workers a total of $16.900 for this work, or $13.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $12.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,700 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 6,700 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency 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 (.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.) 1. Standard labor hours allowed Standard labor cost allowed Labor spending variance Laborrate variance Labor oftcency variance