Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Unit Cost $ 20.15 3.63 Standard Standard Price (Rate) $ 1.55 per sq, ft. S12.10 per hr. Quantity 13 sq ft 0.3 hr Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead S480,480 924,000 units) 0.3 hr S 1.20 per hr. 0.36 0.52 Parker Plastic had the following actual results for the past year 1,180,000 12,100,000 $ 18,150,000 322,000 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 oost Variable overhead cost S 3,799,600 1,200,000 $ Fixed overhead cost 379,000 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.) Direct Materlal Price Varlance Direct Material Quantity Variance