E9-6 Calculating Direct Materials Variances [LO 9-3] Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows d Unit Quantity 8 sq tt $ 063 per sq ftS 5.04 273 Direct labor Var 0 26 hr 026 hr s $ 10 50 per hr 1.50 per hr overhead (based on Fixed manufacturing overhead $308,040 034 906,000 units) Parker Plastic had the following actual results for the past year: 1,220,000 11,200,000 $6,720,000 305,000 S 3,233,000 S 540,000 S 361,000 of u Number of cost s direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the effect of each variance by selec