Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 128,000 cases at a budgeted price of $60 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 variable overhead rate is $16 per direct labor-hour. The fixed overhead coming year. At the end of the year, the costs analyst reported that the soles activity variance for the year was $336.000 favorable. The following is the actuat income statement (in thousands of dollars) for the year for Golden Food Products: During the year, the company purchased 328,000 pounds of material and employed 34,740 hours of direct labor. Required: a. Compute the direct materials price and efficiency variances. b. Compute the direct labor price and efficiency variances. c. Compute the variable overhend price and efficiency variances: Note: For all requirements, enter your answers in whole dollars. Indicate the effect of each variance by selecting "F" for Note: For all requirements, enter your answers in whole dollars. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option