E$9-8($Algo$)$ Calculating Direct Materials Variances $[$LO $9-3]$

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

$\backslash$table$[[,$Standard Quantity,Standard Price $($Rate$),$Standard Unit cost$],[,9$ square foot,$ $1\mathrm{.}30,$per square foot per hour,$ $11\mathrm{.}70],[$Direct materials $($plastic$),0\mathrm{.}3$ hour,$ $13\mathrm{.}50,\backslash$table$[[$per hour$],[$per hour$]],0\mathrm{.}39],[$Variable manufacturing overhead $($based on direct llabor hours$),0\mathrm{.}3$ hour,,,$0\mathrm{.}66]]$

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

$\backslash$table$[[,1,000,000$