value: 2.00 points Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows Standard QuantityStandard Price (Rate 13 sq ft. 1.55 per sq. ft. 0.3 hr. 0.3hr Standard Direct materials (plastic) Direct labor Unit Cost S 20.15 S 12.10 per hr 1.20 per hr 3.63 0.36 0.52 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead $480,480 924,000 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 1.180,000 12,100,000 $ 18,150,000 322,000 S 3,799,600 $ 1,200,000 $ 379,000 Required Calculate Parker Plastic's direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the af Direct Material Price Variance Direct Material Quantity Variance