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:

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$).$

$\backslash$table$[[$Diest Material Price Variance,,$],[$Drect Material Quantity Variance,,$]]$