Parker Plastic, Inc, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Unit cout $11.30 Direct materials (plastic) Direct labor Variable manufacturing overhead based on direct labor hours) Fixed manufacturing overhead $422,280 - 910,000 units) Standard price Rate) $ 1.13 per sq. ft. $11.20 per hr. $ 3.00 per hr. 10 sq ft. 0.3 hr. 0.3 hr. Parker Plastic had the following actual results for the past year Number of units produced and sold Number of square feet of plastic used Coat of plastie purchased and used Wamber of labor hours worked Direct labor 0 Variable overhead coat Fixed Overhead coat 1,120,000 11.800.00 $14.160.0 116,0 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 favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) Answer is complete but not entirely correct Direct Material Price Variance Direct Material Quantity Variance $ $ $26.000U 768.400 U