Parker Plastic Incorperated, Manufactured plastic mats to use with rollijh office chairs. Iyd standard cost information for last year follows:

Parker Piastic, incorporated, manufoctures plastic mats to use with rolling office chairs, its standard cost information for last year follows. Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct lobor rate and efficiency variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorabie, "U* for unfavorable, and "None" for no effect (i.e., zero variance)