The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 300 $120.000 Revenue (5400.009) Expenses: Wages and salaries ($11,500 + $128.8089) Supplies ($4.009) Equipment rental ($2,500 + $21.089) Insurance ($3,900) Miscellaneous ($540 - $1.509) Total expense Net operating income 49,900 1,200 8,800 3,900 990 64,790 $ 55,210 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the nearest whole dollar.) es Puget Sound Divers Flexible Budget For the Month Ended May 31 'Actual diving-hours 290 $ 116,000 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 116,000 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 3.400 helmets, using 2,074 kilograms of plastic. The plastic cost the company $17,836. According to the standard cost card, each helmet should require 054 kilograms of plastic, at a cost of $9.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SQ * SP) to make 3,400 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 values. Do not round intermediate calculations.) 1 2 3 Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance 4