E$9-8($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:

$\backslash$table$[[,,,],[,$Standard Quantity,Standard Price $($Rate$),],[$Direct materials $($plastic$),9$ square foot,$$1\mathrm{.}30$ per square foot,$],[$Direct labor,$0\mathrm{.}3$ hour,$$13\mathrm{.}50$ per hour,$],[$Variable manufacturing overhead $($based on direct labor hours$),0\mathrm{.}3$ hour,$$1\mathrm{.}30$ per hour,$],[$Fixed manufacturing overhead units$),,,]]$

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

$\backslash$table$[[$Number of units produced and sold,$1,000,000$