Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last yeat follows: Parker Plastic had the following octual resuits for the past year: Required: Calculate Parker Plastic's fixed overhead spending and volume variances and its over-or underapplled fixed overhead Note: Indicete the effect of each varionce by selecting "F" for fovorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance)