Exercise $10-1($Algo$)$ Direct Materials Variances $[$LO$10-1]$

Bandar Industries manufactures sporting equipment. One of the company$$s products is a football helmet that requires special plastic. During the quarter ending June $30,$ the company manufactured $3,900$ helmets, using $2,184$ kilograms of plastic. The plastic cost the company $$16,598.$

According to the standard cost card, each helmet should require $0\mathrm{.}50$ kilograms of plastic, at a cost of $$8\mathrm{.}00$ per kilogram.

Required:

What is the standard quantity of kilograms of plastic $($SQ$)$ that is allowed to make $3,900$ helmets?

What is the standard materials cost allowed $($SQ$$ SP$)$ to make $3,900$ helmets?

What is the materials spending variance?

What is the materials price variance and the materials quantity variance?

Note: 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.