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E9.9 (Algo) Calculating Direct Labor Variances [LO 9-4] Parker Plastic, Incorporated, manufactures plastic mats to use with rolling offfce chairs. Its standard cost information for

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E9.9 (Algo) Calculating Direct Labor Variances [LO 9-4] Parker Plastic, Incorporated, manufactures plastic mats to use with rolling offfce chairs. Its standard cost information for iast year foliows: Required: Calculato Parker Plastic's direct lobor rate and efficiency variances Note: Do not round intermediate calculations. Indieate the effect of each variance by selecting "F" for faverable, "U" for unfavorable, and "None" for no effect (j.e, zero variance)

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