Hawk corporation purchased 1,000 diamond corporation bonds in 2018 for $500 per bond and classified the investment as securities available-for-sale. the value of the diamond investment was $600 per bond on december 31, 2019, and $650 per bond on december 31, 2020. during 2021, hawk sold all of its diamond investment at $700 per bond.

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 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?