S. Lyndall Inc. manufactures a special helmet that requires a special plastic. During the year ending December 31, the company manufactured 70,000 helmets, using 45000 kilograms of plastics. The plastic cost the company $342,000. According to the standard cost card, each helmet should require 0.7 kilograms of plastic, at a cost of $7 per kilogram. (1). According to the standard cost card, what cost for plastic should have been incurred to make 70,000 helmets? How much greater or less is this than the cost was incurred? (8 points) (2). Breakdown the difference computed in (I) above into a materials price variance and a materials quantity variance. (8 points)