2 2 points Poker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard standard Price Standard Quantity Cate) Unit coat Direct material plastie w $ 1.30 per sq. ft. 511.10 Direct labor 0.3 h. $13.50 per le 4.0 Variable nanufacturing overhead 0.3 hr. $ 1.30 per kr. 0.3 (based on direct labor hours) Fixed manufacturing overhead 0.66 (5619,010 - 938,000 units) eBook Hint Parker Plastic had the following actuat results for the past year: Print References Number of units produced and sold Number of square feet of plastie used Coat of plastie purchased and used Number of labor hours worked Direct labor cost Variable overhead coat Yixed overhead cost 1.000.000 12.800.000 $15,360.000 336,000 5.4.200.000 $ 1,700,000 $ 395,000 Required: Calculate Parker Plastic's direct labor rate and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (.e. zero variances) Direct Labor Rate Variance Direct Labor Eciency Variance