Standard Standard Price Quantity (Rate) 9 sq ft. $ 0.92 per sq. ft. 0.25 hr. $10.40 per hr. 0.25 hr. $ 1.60 per hr. Standard Unit Cost $ 8.28 2.60 Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($289, 280 904,000 units) 0.40 0.32 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 1,200,000 11,100,000 $ 9,990,000 302,000 $ 3,110,600 $ 496,000 $ 359,000 Required: Calculate Parker Plastic's direct labor rate and efficiency variances. (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).) Answer is complete but not entirely correct. Direct Labor Rate Variance $ 12,800 XF 3,200 X U Direct Labor Efficiency Variance $