You received partial credit in the previous attempt. View previous att Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Unit Standard Quantity Standard Price (Rate) Cont Direct materials (plastic) 8 square foot $ 0.63 per square foot $ 5.04 Direct labor 0.26 hour $ 10.50 per hour 2.73 Variable manufacturing overhead (based on direct labor hours) 0.26 hour $ 1.50 per hour 0.39 Fixed manufacturing overhead ($308,040 + 906,000 units) 0.34 Parker Plastic had the following actual results for the past years Number of units produced and sold 1,220,000 Number of square feet of plastic used 11,200,000 Cost of plastic purchased and used $ 6,720,000 Number of labor hours worked 305,000 Direct labor cost $ 3,233,000 Variable overhead cost $ 540,000 Fixed overhead cost $ 361,000 Required: Calculate Parker Plastic's direct materials price and quantity variances. Note: 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). Direct Material Price Variance Direct Material Quantity Variance