4 questions

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) Direct labor 14 square foot $ 0.80 per square foot $ 12.40 per hour $ 11.20 Standard Unit 0.25 hour Standard Quantity 3.10 Direct materials (plastic) Standard Price (Rate) Variable manufacturing overhead (based on direct labor hours) play square foot 210 3 per square $ 9.96 Fixed manufacturing overhead ($519, 680 + 928,080 units) 0.25 hour $ 1.60 per hour 2 56 Variable manufa 0.25 hour $ 2:20 per hour 2.62 Fixed manufacturing overhead ( $345 , 800 + 910, pgp jager )no Parker Plastic had the following actual results for the past year: Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of plastic used Number of units produced and sold Woohoo plastic purchased and used Number of square f 11, 408: 989 Number of labor hours worked 326,09 ost of plastic purchased and used 9, 120 , 080 Direct labor cost 3,912,80 308 , 080 Fixed overhead cost $ 383,080 Variable overhead cos Fixed overhead cost S' 689 , $ 365, 080 Required: Calculate Parker Plastic's di Required: Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for diculate Parker Plastic's direct materials price and quantity variances. unfavorable, and "None" for no effect (i.e., zero variance). unfavorable and intensecrate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for Direct Labor Rate Variance Direct Material Price Variance Direct Labor Efficiency Variance Direct Material Quantity Variance Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Unit Direct materials (plastic) Standard Quantity Standard Price (Rate) Standard Quantity Standard Price (Rate) Standard Unit Cost 9 3 square foot so per square foot $ 24:05 Direct materials (plastic) ats square foot $ 0.74 per square foot Variable manufacturing overhead (based on direct labor hours) 8.3 hour 0.3 hour $ 1.30 per hour Direct labor 9 66 0 .7 hour $ 1 . 10 per hour Fixed manufacturing overhead ($832, 000 + 1,040, 080 units) Parker Plastic had the following actual results for the past year Parker Plastic had the following actual results for the past year: Number of units produced and sold Cost of plastic purchased and used Number of units produced and sold Number of labor hours worked 336, 080 come he separseemed plastic used Direct labor cost $ 4, 280,080 Number of labor hours worked Fixed overhead cost ' 393, 890 Variable overhead $ 951, 60 Fixed overhead cost $ 822,006 Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over- or underapplied variable overhead. Required: Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for Calculate Parker Plastic's fixed overhead spending and volume variances an IT or underapplied fixed overhead. unfavorable, and "None" for no effect (i.e., zero variance). Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Variable Overhead Rate Variance Variable Overhead Efficiency Variance Fixed Overhead Spending Variance Variable Overhead Spending Variance Fixed Overhead Volume Variance Over- or Underapplied Fixed Overhead