$1$

E$9-9($Algo$)$ Calculating Direct Labor Variances $[$LO $9-4]$

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

$6\mathrm{.}7$

points

$\backslash$table$[[,$Standard Quantity,Standard Price $($Rate$),\backslash$table$[[$Standard Unit$],[$Cost$]]],[$Direct materials $($plastic$),12$ square foot,$$1\mathrm{.}10$ per square foot,$$13\mathrm{.}20$