Parker Plastic incorporated, manufactures plastic mats to use with roiting office chairs, its standard cost information for last year follows: Parket Plastic had the following actual results for the past year. Required: Calculate Parkef Plasilic's drect materials price and quantity variances Note: Do not round intermediate calculatione, Indicate the effect of enech variance by selecting "F" for favorable, "U" for unfavoroble, and "None" for no effect (l.e., zero variance)