E$9-9($Algo$)$ Calculating Direct Labor Variances $[$LO $9-4]$

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$),$Standard Unit$],[$Direct materials $($plastic$),13$ square foot,$$0\mathrm{.}93$ per square foot,$],[$Direct labor,$0\mathrm{.}3$ hour,$$12\mathrm{.}09,],[$Variable manufacturing overhead $($based on direct labor hours$),0\mathrm{.}3$ hour,$$\mathrm{.}27,],[$Fixed manufacturing overhead units$),,2\mathrm{.}40$ per hour,$]]$

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

$\backslash$table$[[$Number of units produced and sold,$1,060,000$