Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows Standard Quantity Standard Standard Price (Rate) $ 11.10 per hr S 2.60 per hr Unit Cost 3.33 0.78 0.42 Direct materials (plastic) Direct labor 8 sq ft. 1.02 per sq. ft. 0.3 hr $ 8.16 Variable manufacturing overhead (based on 0.3 hr direct labor hours) Fixed manufacturing overhead S383,880 914,000 units) Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 1,080,000 11,600,000 $ 11,600,000 312,000 $3,681,600 $ 800,000 $ 369,000 Required Calculate Parker Plastic's direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the Direct Material Price Variance Direct Material Quantity Variance