4 4 Standard Standard Standard Pro Unit Quantity Chate COM 12. $ 0.03 per ft. $9.94 0.3 h. $10.50 per hr 3.15 0.3 0 2.30 per le 0.60 0.1 Direct materials (plastie Direct labor Variable manufacturing overhead based on direct labor hours) Led manufacturing overhead (5345, 800 - 910.000 units 1 port Parker Plastic had the following actual results for the past year Number of unite prodoved and sold Number of square feet of plastic used cost of plastie purchased and used of or hours worked btreet Isbor test Variable overhead met Pied overhead cost 1,040,000 11,400,000 9.120,000 08.000 3,449.600 $89.000 $ 365,000 Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over- or underoppled variable overhead. (Do not round Intermediate calculations, Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance).) Variable Overhead Rate Variance Variable Overhead Eficiency Variante Variable Overhead Spending Variance