Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($441,600 + 920,000 units) Parker Plastic had the following actual results for the past year: 1,140,000 11,900,000 Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Number of labor hours worked $ 15,470,000 Direct labor cost Variable overhead cost Fixed overhead cost 318,000 $ 3,688,800 $ 1,030,000 $ 375,000 Direct Labor Rate Variance Direct Labor Efficiency Variance Standard Quantity 11 square foot 0.3 hour 0.3 hour Standard Price (Rate) $ 1.26 per square foot $11.70 per hour $ 2.10 per hour Required: Calculate Parker Plastic's direct labor rate and efficiency 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). Standard Uni Cost $ 13.86 3.51 0.63 0.48

Parker Plastic, incorporated, manulactures plastic mats to use with rolling office chairs, its standard cost informotion for last year Parket Plastic had the following actual results for the past year: Required: Calcutate Parker Plastic's direct labor rate and efficiency variances Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfevorable, and "None" for no effect (i.e, zero variance)