Free Flight Corporation, located in Denver, Colorado, produces bicycle accessories, including bicycle helmets which requ

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Free Flight Corporation, located in Denver,
Colorado, produces bicycle accessories, including bicycle
helmets which requires a rigid, crushable foam. During the
quarter ending June 30, the company manufactured 3,500 helmets,
using 1,995 kilograms of foam. The foam cost the company
$13,167.
According to the standard cost card, each helmet should require
0.52 kilograms of foam, at a cost of $7.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of foam (SQ) that
is allowed to make 3,500 helmets?
2. What is the standard materials cost allowed (SQ × SP) to
make 3,500 helmets?
3. What is the materials spending variance?
4. What is the materials price variance and the materials
quantity variance?