Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 9 square foot $ 0 92 per square foot $ 8 28 Direct labor 0 25 hour $ 10 40 per hour 2 60 Variable manufacturing overhead (based on direct labor hours) 0 25 hour $ 1 60 per hour 0 40 Fixed manufacturing overhead ($289,280 904,000 units) 0 32 actual results for the past year Number of units produced and sold 1,200,000 Number of square feet of plastic used 11,100,000 Cost of plastic purchased and used $ 9,990,000 Number of labor hours worked 302,000 Direct labor cost $ 3,110,600 Variable overhead cost $ 496,000 Calculate Parker Plastics variable overhead rate and efficiency variances and its over or underapplied variable overhead Fixed overhead cost $ 359,000

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Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 9 square foot $ 0 92 per square foot $ 8 28 Direct labor 0 25 hour $ 10 40 per hour 2 60 Variable manufacturing overhead (based on direct labor hours) 0 25 hour $ 1 60 per hour 0 40 Fixed manufacturing overhead ($289,280 904,000 units) 0 32 actual results for the past year  Number of units produced and sold 1,200,000 Number of square feet of plastic used 11,100,000 Cost of plastic purchased and used $ 9,990,000 Number of labor hours worked 302,000 Direct labor cost $ 3,110,600 Variable overhead cost $ 496,000 Calculate Parker Plastics variable overhead rate and efficiency variances and its over  or underapplied variable overhead Fixed overhead cost $ 359,000

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: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 9 square foot $ 0.92 per square foot $ 8.28 Direct labor 0.25

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	Standard Quantity	Standard Price (Rate)	Standard Unit Cost
Direct materials (plastic)	9	square foot	$ 0.92	per square foot	$ 8.28
Direct labor	0.25	hour	$ 10.40	per hour	2.60
Variable manufacturing overhead (based on direct labor hours)	0.25	hour	$ 1.60	per hour	0.40
Fixed manufacturing overhead ($289,280 904,000 units)					0.32

Number of units produced and sold	1,200,000
Number of square feet of plastic used	11,100,000
Cost of plastic purchased and used	$ 9,990,000
Number of labor hours worked	302,000
Direct labor cost	$ 3,110,600
Variable overhead cost	$ 496,000
Calculate Parker Plastics variable overhead rate and efficiency variances and its over- or underapplied variable overhead.Fixed overhead cost	$ 359,000