Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Quantity 9 sq ft. $ 1.30 per sq. ft. (Rate) Unit Cost Direct materials (plastic) $11.70 Direct labor 0.3 hr. $13.50 per hr. 4.05 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead $619,080 + 938,000 units) 0.3 hr. $ 1.30 per hr. 0.39 0.66 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 1,000,000 12,800,000 $ 15,360,000 336,000 $ 4,200,000 $ 1,700,000 $ Direct labor cost Variable overhead cost Fixed overhead cost 393,000 Required: Calculate Parker Plastic's direct materials price and quantity variances. (Do not round intermediate calculations. Indicate the eff each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Material Price Variance Direct Material Quantity Variance