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 $ 0.92 per square foot $ 8.28 Direct labor 0.25 hour $ 10.40 per hour 2.60 Variable manufacturing overhead (based on direct labor hours) 0.25 hour $ 1.60 per hour 0.40 Fixed manufacturing overhead ($289,280 904,000 units) 0.32 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 11,100,000 Cost of plastic purchased and used $ 9,990,000 Number of labor hours worked 302,000 Direct labor cost $ 3,110,600 Variable overhead cost $ 496,000 Fixed overhead cost $ 359,000

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).