Parker Plastic, Inc., manufactures plastic mats to use rolling office chairs, its standard cost information for last year follow Standard Quantity Unit Direct mail) 12 30.65 per 17.00 Direct labor 5 10:20 3.00 Variable manufacturing ved hedon 03 director hours) 1070 021 Fed facturing overhead $360,000 0.40 Parker Plastic had the following actual results for the past year Number of units produced and sol Number of rest of lused Cost of plastie purchased and used Number of labor hours world Direct labor cost Variable overhead coat Fred Owned cost 980 000 11.270.000 7,100,100 200.000 282,200 231,200 334.000 S 5 5 Required: Carloslata Parker Plastic's fixed overhead spending and volume variances and its over or under ople foed overhead (indicate the effect of each verlance by selecting for tovert Overwpplied and "U for unfavorable underapplied.) Fixed Overhead Spending Variance Foad Overid Volume Variance Over or Underupplied Fred Droitead