Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost Information for last year follows: Standard Standard Quantity Standard Price (Rate) Unit Cost 19 sq ft. $ 1.40 per sq. ft. $ 14.ee 0.3 hr. $13.70 per hr. 4.11 Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead $639, 280 +940, eee units) 9.3 hr. $ 1.50 per hr. 8.45 8.68 Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of Lastic used Cost of plastic purchased and used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 1,920, eee 12,90e, eee $ 16,770,000 338, eee $ 4,258,800 $ 1,760,00 $ 395,000 Required: Calculate Parker Plastic's direct materials price and quantity varlances. (Do not round Intermediate calculations. Indicate the effect of each verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance).) Direct Material Price Variance Direct Material Quantity Variance