My answer is not correct, well the "Favorable" part is.

Parker Plastic. Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct materials price and quantity variances (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable.)