Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

	Standard Quantity		Standard Price (Rate)			Standard Unit Cost
Direct materials (plastic)	13	sq ft.	$	1.55	per sq. ft.	$	20.15
Direct labor	0.3	hr.	$	12.10	per hr.		3.63
Variable manufacturing overhead (based on direct labor hours)	0.3	hr.	$	1.20	per hr.		0.36
Fixed manufacturing overhead $480,480 924,000 units)							0.52

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

Number of units produced and sold		1,180,000
Number of square feet of plastic used		12,100,000
Cost of plastic purchased and used	$	18,150,000
Number of labor hours worked		322,000
Direct labor cost	$	3,799,600
Variable overhead cost	$	1,200,000
Fixed overhead cost	$	379,000

Required: Calculate Parker Plastics direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)