Parker Plastic; incorporated, manufactures plastic mots to use whit rolling otfice chairs. Its standard cost intormation for last year folows: Parker Plastic had the following actual rewults for the past year Required: Calculate Parker Plastc's direct materias price and quantity variances: Note: Do not round intermediate calculations. Indicate the effect of eoch variance by selecting "F* for favorable, "U* for unfavorable, and "None" for no effect (i.e-, aero variance)