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1 E 9 - 8 ( Algo ) Calculating Direct Materials Variances [ LO 9 - 3 ] Parker Plastic, Incorporated, manufactures plastic mats to

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E9-8(Algo) Calculating Direct Materials Variances [LO 9-3]
Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:
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Parker Plastic had the following actual results for the past year:
\table[[Number of units produced and sold,1,200,000
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