Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q Thu Apr 20 9:58 PM M Question 4 - Chapter 9 Group [ X Course Hero Course Hero X Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... Of * 0 B Paused D2L Homepage - Pima... Class ACC 212 Ma.. x Pima Community... M Inbox (6) - bburns... Pima Community... Chapter 9 Group Exercises i Saved Help Save & Exit Submit Check my work E9-10 (Static) Calculating Variable Overhead Variances [LO 9-5] 2 Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year points follows 8 02:00:24 Standard Unit Standard Quantity Standard Price (Rate) Cost Direct materials (plastic) 12 square foot $ 0. 72 per square foot $ 8. 64 Direct labor 0 . 25 hour $ 12.20 per hour 3 . 05 eBook Variable manufacturing overhead (based on direct labor hours) 0 . 25 hour $ 1.20 per hour 0. 30 Hint Fixed manufacturing overhead ($378,000 + 900,000 units) 0 . 42 Print Parker Plastic had the following actual results for the past year: References Number of units produced and sold 1,000, 000 Number of square feet of plastic used 11, 800, 000 Cost of plastic purchased and used $ 8,260, 000 Number of labor hours worked 245 , 000 Direct labor cost $ 2, 891, 000 Variable overhead cost $ 318, 500 Fixed overhead cost $ 355, 000 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 (i.e., zero variance). Variable Overhead Rate Variance Mc Graw Hill 9 20 4 90 Ai SONOS Ps LiveChrome File Edit View History Bookmarks Profiles Tab Window Help G Q Thu Apr 20 9:58 PM M Question 4 - Chapter 9 Group [ X Course Hero Course Hero X Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... Of * 0 B Paused D2L Homepage - Pima... Class ACC 212 Ma... . Pima Community... M Inbox (6) - bburns... Pima Community... Chapter 9 Group Exercises i Saved Help Save & Exit Submit Check my work Number of units produced and sold 1, 000, 000 Number of square feet of plastic used 11, 800, 000 Cost of plastic purchased and used $ 8, 260, 000 Number of labor hours worked 245, 000 2 Direct labor cost $ 2, 891, 000 Variable overhead cost $ 318,500 points Fixed overhead cost $ 355 , 000 02:00:17 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 eBook unfavorable, and "None" for no effect (i.e., zero variance). Hint Variable Overhead Rate Variance Print Variable Overhead Efficiency Variance References Variable Overhead Spending Variance Mc Hill 20 2 1 7 2 4 Ai SONOS Ps Live