10 6 Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard...

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10 6 Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: points Skipped Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($352,000 880,000 units) Parker Plastic had the following actual results for the past year: eBook Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Hint Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Print Required: References 980,000 11,270,000 $ 7,100,100 289,000 $ 2,832,200 $ 231,200 $ 334,000 Standard Quantity Standard Price (Rate) Standard Unit Cost 12 square foot 0.3 hour $ 0.65 per square foot $ 10.20 per hour $ 7.80 3.06 0.3 hour $ 0.70 per hour 0.21 0.40 Calculate Parker Plastic's fixed overhead spending and volume variances and its over- or underapplied fixed overhead. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Fixed Overhead Spending Variance Fixed Overhead Volume Variance Over- or Underapplied Fixed Overhead Check my work 10 6 Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: points Skipped Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($352,000 880,000 units) Parker Plastic had the following actual results for the past year: eBook Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Hint Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Print Required: References 980,000 11,270,000 $ 7,100,100 289,000 $ 2,832,200 $ 231,200 $ 334,000 Standard Quantity Standard Price (Rate) Standard Unit Cost 12 square foot 0.3 hour $ 0.65 per square foot $ 10.20 per hour $ 7.80 3.06 0.3 hour $ 0.70 per hour 0.21 0.40 Calculate Parker Plastic's fixed overhead spending and volume variances and its over- or underapplied fixed overhead. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Fixed Overhead Spending Variance Fixed Overhead Volume Variance Over- or Underapplied Fixed Overhead Check my work