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)	12	square foot	$ 0.61	per square foot	$ 7.32
Direct labor	0.1	hour	$ 10.00	per hour	1.00
Variable manufacturing overhead (based on direct labor hours)	0.1	hour	$ 0.50	per hour	0.05
Fixed manufacturing overhead ($160,000 800,000 units)					0.20

Parker Plastic had the following actual results for the past year:

Number of units produced and sold	900,000
Number of square feet of plastic used	10,350,000
Cost of plastic purchased and used	$ 6,106,500
Number of labor hours worked	85,000
Direct labor cost	$ 816,000
Variable overhead cost	$ 51,000
Fixed overhead cost	$ 138,000

Required:

Calculate Parker Plastics fixed overhead spending and volume variances and its over- or underapplied fixed overhead.

Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).