Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 120.500 cases at a budgeted pice of $61 per case this year. The standard direct cost sheet for one case of pet food follisws: Vatiable ovethead is applied based on direct labor hours. The varlable ovelhead rate is 516 per direct labonthour. The fixed ovethead rate (at the master budget level of activity) is $12 per unit. All normantifacturing costs are fixed and are budgeted at $22 million for the coming year At the end of the yeat, the costs analyst reported that the sales activity varlance for the year was $344.000. favorable. The following is the actual Income statement (in thousands of dollars for the year for Golden Food Prodicts: Required: What are the foxed overhead ptice arid production volume valiances for Golden Food Products? Note: Enter your onswers in whole dollars. Indicote the effect of each variance by selecting "F" for favorable, or "U" for unfovorable. If there is no effect, do not select either option. Required: What are the fixed overhead price and production volume variances for Golden Food Products? Note: Enter your onswers in whole dollors, Indicate the effect of each variance by selecting "F" for fovorable, or "U" for unfovoroble. If there is no effect, do not select either option