Davidson Corporation produces a single product: fireproof safety deposit boxes for home use. The budget going into the current year

anticipated a selling price of $$55$ per unit. Because of competitive pressures, the company had to cut selling prices by $10\%$ during the

year. Budgeted variable costs per unit are $$32,$ and budgeted total fixed costs are $$156,000$ for the year. Anticipated sales volume for

the year was $10,000$ units. Actual sales volume was $5\%$ less than budget. $(1)$ What was the sales price variance for the year? $(2)$ Label

this variance $F($favorable$)$ or $U($unfavorable$),$ as appropriate. $($Do not round intermediate calculations.$)$

Sales price variance