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Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic had the following
Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over or underapplied variable overhead. 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 ie zero variance
Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year
follows:
Parker Plastic had the following actual results for the past year:
Required:
Calculate Parker Plastic's variable overhead rate and efficiency variances and its over or underapplied variable overhead.
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 ie zero variance
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