:

	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