Parker Plastic, Inc.manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Direct materials (plantie) Direct Labor Variable manufacturing overhead (based on direct labor hours) unturiny overhead (5559.200932.000 na tandard re untity it co 12 sq ft. $ 1.00 per sq. ft. $12.00 0.25 $12.00 per 0.25 $ 2.00 per he 0.50 0.60 Parker Plastic had the following actual results for the past year Number of units produced and sold Number of sure feet of plastia uwed Coat of plastie purchased and und Number of labor hours worked Direct Labor cont Variable overhand boat Piaverhead cost 1,260,000 12.500.000 $11.750,000 $30.000 4,026.000 $1,400,000 $ 387.000 Recured: Number of units produced and sold Number of font of plastic und Coat of plantio purchased and med Number of labor hours worked Direct labor cost Variable overhead con Fixed overhead coat 1,250.000 12.500.000 $11.250.000 10.000 $4,026.000 $ 1.400.000 $ 387,000 Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over- or underapplied variable overhead. (Do not round Intermediate calculations, indicate the effect of each varlance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect fit., zero variance):) Variable Overhead Rate Variance Variable Overhead Eiciency Variance Variable Overhead Spending Variance