HELP ME WITH THIS PLEASE CoursHeroTranscribedText: Parker Plastic, Inc, manufactures plastic mats to use with...
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HELP ME WITH THIS PLEASE
CoursHeroTranscribedText: Parker Plastic, Inc, manufactures plastic mats to use with rolling ofce chairs. Its standard cost information for last year follows: Standard Standard Quantity Standard Price (Rate) Unit Cost Direct materials (plastic) 14- sq ft. 5 8.86 per sq. ft. 511.26 Direct labor 8.25 hr. 512.46 per hr. 3.16 Variable manufacturing overhead (based on direct labor hours) 8'25 hr. 5 1'56 per hr. 8'43 Fixed manufacturing overhead 8.55 ($519,539 + 923,339 units) Parker Plastic had the following actual results for the past year: Number of units produced and sold 1,228,866 Number of square 'Feet of plastic used 12,388,866 Cost of plastic purchased and used 5 8,818,866 Number of labor hours worked 326,866 Direct labor cost 5 3,912,866 Variable overhead cost 5 1,248,866 Fixed overhead cost 5 383,866 [ Required: Calculate Parker Plastic's variable overhead rate and efciency variances and its over or underaoolied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance
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