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 square foot $ per square foot $

Direct labor hour $ per hour

Variable manufacturing overhead based on direct labor hours hour $ per hour

Fixed manufacturing overhead $: units

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

Number of units produced and sold

Number of square feet of plastic used

Cost of plastic purchased and used $

Number of labor hours worked

Direct labor cost $

Variable overhead cost $

Fixed overhead cost $

Required:

Calculate Parker Plastics 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 ie zero variance