Direct materials (plastic)	12	sq ft.	$	0.78	per sq. ft.	$	9.36
Direct labor	0.9	hr.	$	10.80	per hr.		9.72
Variable manufacturing overhead (based on direct labor hours)	0.9	hr.	$	1.30	per hr.		1.17
Fixed manufacturing overhead ($1,120,000 1,120,000 units)							1.00

Parker Plastic had the following actual results for the past year:

Number of units produced and sold		1,220,000
Number of square feet of plastic used		14,030,000
Cost of plastic purchased and used	$	10,662,800
Number of labor hours worked		1,093,000
Direct labor cost	$	11,367,200
Variable overhead cost	$	1,530,200
Fixed overhead cost	$	1,114,000

Required: Calculate Parker Plastics fixed overhead spending and volume variances and its over- or underapplied fixed overhead. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)