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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. (Do not round intermediate

image text in transcribed Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct materials price and quantity 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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