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

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Accounting

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:
Required:
Calculate Parker Plastic's direct materials price and quantity variances.
Note: Do not round intermedlate caiculations, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
\table[[Diest Material Price Variance,,],[Drect Material Quantity Variance,,]]
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