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Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity Standard Price (

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:
Standard Quantity Standard Price (Rate) Standard Unit Cost
Direct materials (plastic)9 square foot $ 1.08 per square foot $ 9.72
Direct labor 0.3 hour $ 11.30 per hour 3.39
Variable manufacturing overhead (based on direct labor hours)0.3 hour $ 2.80 per hour 0.84
Fixed manufacturing overhead ($403,040-: 916,000 units)0.44
Parker Plastic had the following actual results for the past year:
Number of units produced and sold 1,100,000
Number of square feet of plastic used 11,700,000
Cost of plastic purchased and used $ 12,870,000
Number of labor hours worked 314,000
Direct labor cost $ 3,799,400
Variable overhead cost $ 890,000
Fixed overhead cost $ 371,000
Required:
Calculate Parker Plastics 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).

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