Golden Food Products produces special-formula pet food. The company canties no inventories. The master budget calls for the company to manufacture and sell 120,500 cases at a budgeted price of $61 per case this year. The standard direct cost sheet for one case of pet food follows: Variable overhead is applied based on direct labor-hours. The varlable overhead rate is $16 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $12 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2million for the coming year At the end of the year, the costs analyst reported that the sales activily variance for the year was $344,000 favorable. The following is the actual income statement (in thousands of dollars) for the year for Golden Food Products: Required: What are the fixed overhead price and production volume variances for Golden Food Products? Note: Enter your answers in whole dollars. Indicate the effect of each variance by selecting "F" for favorable, or "U" f unfavorable. If there is no effect, do not select either option