Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (5559,20 932,400 units) Standard Standard Quantity Standard Price (Rate) Unit Cost 125 ft. $ 1.00 per sq. ft. $ 12.ee 0.25 hr. $12.50 per hr. 3.20 0.25 hr $ 2.00 per hr 0.50 0.60 Parker Plastic had the following actual results for the past year frumber of units produced and sold Number of square feet of plastic used cost of plastic purchased and used Nr of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 1.260,000 12.500,000 $ 11,250,000 330,000 $4,026,000 11,480,000 $ 367.000 Required: Calculate Parker Plastic's direct labor rate and efficiency variances. (Do not round Intermediate calculations. Indicate the effect of och vorience by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance)) Direct Labor Rate Variance Direct Labor Eficiency Variance