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Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct materials price and quantity variances Note: Do not round

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Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct materials price and quantity variances Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)

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