Parker Plastic, incorporated, manufactures plastic mats to use with roling office chairs. Its standard cost information for last year follows: Direct materiale (plastie) Direet labor Variable manufacturing overhead (based on difeet labor houra) rixed eanufaeturing overhead ($441,600+$20,000 unita) seandard Ouantity 11 square toot 0.3 hour 0.3 hour Standard price (ante) 51.26 per square foot $11.70 per hour 52.10 per hour Standard unit. Cont \$ 13.3.6 3. 51 0.63 Parker Plastic had the following actual results for the past year: Number of unita produced asd sold shuber of aguare foot of plaselio uned cont of plantio purchnsed and used Number of labor houre worked Direct labor cost Variable overhend coit pixed overhead cost Required: Calculate Parker Plastic's direct materials price and quantity variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None" for no effect (i.e., zero variance)