E9-8(Algo) Calculating Direct Materials Variances [LO 9-3] Parker Plastic, incorporated, manufactures plastic...

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E9-8(Algo) Calculating Direct Materials Variances [LO 9-3]
Parker Plastic, incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:
Parker Plastic had the following actual results for the past year:
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