Save&Exit Submt Question 6 (or 9) Time remaining: 325 23 1.tt points Parker Plastic, Inc, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year ollows Standard Prce (Rate) Unt Cost Quantty 10 sqt $1.13 per sq t1130 Drect materials (plastx) Direct labor 03 hr 11.20 per hr 3 38 090 0 46 Variable manfactuning overhead (based orn 03hr 300 per hr direct labor hours) Fxed overhead $422,280- 918,000 unts) Parker Plastic had the following actual results for the past year: 1,120,000 11,800,000 S 14,160,000 316,000 3,634,000 S 960,000 S 373,000 Number of units produced and sold Number of square feet of plarstic used Cost of plastic purchased and used Number of labor hours worked Direct labor cost Varable overhead cost Faced overhead cost Required: Calculate Parker Plastic's direct labor rate and efficiencoy variances. (Do not round intermediate calculations.Indicate the effect of each variance by selecting "F for favorable, "U" for unfavorable.) Direct Labor Efficiency Vanance Hints References Book & Resources Hint Ask your instructor. a.question Check my work