er Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year VS: ect materials (plastic) ect labor iable manufacturing overhead (based on direct labor hours) ed manufacturing overhead ($326,880 908,000 units) er Plastic had the following actual results for the past year: ber of units produced and sold ber of square feet of plastic used t of plastic purchased and used ber of labor hours worked ect labor cost iable overhead cost ed overhead cost 1,020,000 11,300,000 $ 7,910,000 306,000 $ 3,335,400 $ 630,000 $363,000 Standard Quantity 11 square foot 0.25 hour 0.25 hour Standard Price (Rate) $ 0.73 per square foot $10.40 per hour $ 2.00 per hour ired: late Parker Plastic's direct labor rate and efficiency variances. Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for vorable, and "None" for no effect (i.e., zero variance). Standard Unit Cost $ 8.03 2.60 0.50 0.36

4 Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year rs: ect materials (plastic) ect labor iable manufacturing overhead (bosed on direct labor hours) ed manufacturing overhead (\$326,880 + 9e8, 000 units) Standard Quantity 11 square foot 0.25 nour 0.25 hour if Plastic had the following actual results for the past year: ber of units produced and sold ber of square feet of plastle used t of plastic purchased and used ber of labor hours worked ect labor cost lable overhead cost ed overhead cost 1,020,00011,300,0005,910,000306,0005,335,4005,630,0005.163,000 ired: ilate Parker Plastic's direct labor rate and efficiency variances: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for rorable, and "None" for no effect (i.e., zero variance)