Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows Standard Standard Price (Rate) Unit Cos Quantity Standard Direct materials (plastic) Direct labor Variable manufacturing overhead (based on 0.25 hr 1.20 per hr 12 sq ft 0.72 per sq. ft $12.20 per hr $8.64 0.25 hr 0 3.05 0.30 0.42 direct labor hours) Fixed manufacturing overhead ($378,000 900,000 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 1,000,000 11,800,000 s 8.260,000 245.000 2,891,000 S 318,500 355,000 Required: Calculate Parker Plastic's direct labor rate and efticiency variances. (Do not round intermediate calculations. Indicate the effect of e unfavorable.) S 98,000 Direct Labor Rate Variance Direct Labor Efficiency Variance 1,045,000