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Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Piastic's fixed overhead spending and volume variances and its over-or underapplied fixed overhead. Note: Indicate the effect of each varlance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero varlance). Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chalrs, its standard cost information for last year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's variable overhead rate and efficiency varlances and its over- or underapplled variable overhead. Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance)