Davidson Corp. produces a single product: fireproof safety deposit for home use. The budget going into the current year anticipated a selling price of $67 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unit are $44, and budgeted total fixed costs are $162,000 for the year. Anticipated sales volume for the year was 16,000 units. Actual sales volume was 5% less than budget.

1. what was the sales price variance for the year?

2. was this variance F (favorable) or U (unfavorable)