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 $ 0.82 per square foot $ 8.20 Direct labor 0.25 hour $ 10.20 per hour 2.55 Variable manufacturing overhead (based on direct labor hours) 0.25 hour $ 1.40 per hour 0.35 Fixed manufacturing overhead ($270,600 902,000 units) 0.30 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 11,000,000 Cost of plastic purchased and used $ 8,800,000 Number of labor hours worked 300,000 Direct labor cost $ 3,000,000 Variable overhead cost $ 400,000 Fixed overhead cost $ 357,000 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).