Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. lts standard cost information for last year follows: Parker Plastic had the following actual results for the past yeor: Required: Colculate Parker. Piastic's direct moterials price and quontity variances Note: Do not round intermediete colculetions. Indicate the effect of each variance by selecting "F" for favorsble, "U" for unfavornble, and "None" for no effect (li.e., zero variance)