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Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct labor rate and efficiency variances. (Do not round intermediate

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Parker Plastic had the following actual results for the past year: Required: Calculate 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 unfavorable, and "None" for no effect (i.e., zero variance).)

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