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Parker Plastic had the following actual results for the past year: equired: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over-or underapplied

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Parker Plastic had the following actual results for the past year: equired: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over-or underapplied variable overhead. (Do not ound intermediate calculations. Indicate the effect of each va lance by selecting "F" for favorable, "U* for unfavorable, and None" for no effect (i.e., zero variance).)

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