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) 10 square foot $ 1.40 per square foot $ 14.00 Direct labor 0.3 hour $ 13.70 per hour 4.11 Variable manufacturing overhead (based on direct labor hours) 0.3 hour $ 1.50 per hour 0.45 Fixed manufacturing overhead ($639,200 940,000 units) 0.68 Parker Plastic had the following actual results for the past year: Number of units produced and sold 1,020,000 Number of square feet of plastic used 12,900,000 Cost of plastic purchased and used $ 16,770,000 Number of labor hours worked 338,000 Direct labor cost $ 4,258,800 Variable overhead cost $ 1,760,000 Fixed overhead cost $ 395,000

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chalrs. Its standard cost Information for last year follows: Parker Plastic had the following actual results for the past year. Required: Calculate Parker Plastic's direct labor rate and effliclency varlances. 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)