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$)13$ square foot $ $0\mathrm{.}70$ per square foot $ $9\mathrm{.}10$

Direct labor $0\mathrm{.}25$ hour $ $12\mathrm{.}20$ per hour $3\mathrm{.}05$

Variable manufacturing overhead $($based on direct labor hours$)0\mathrm{.}25$ hour $ $1\mathrm{.}40$ per hour $0\mathrm{.}35$

Fixed manufacturing overhead $($$$500,040-$: $926,000$ units$)0\mathrm{.}54$

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

Number of units produced and sold $1,200,000$

Number of square feet of plastic used $12,200,000$

Cost of plastic purchased and used $ $7,320,000$

Number of labor hours worked $324,000$

Direct labor cost $ $3,855,600$

Variable overhead cost $ $1,300,000$

Fixed overhead cost $ $381,000$

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$).$