Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 129,500 cases at a budgeted price of $60 per case this year. The standard direct cost sheet for one case of pet food follows:

Direct materials	(3 pounds @ $2)	$ 6
Direct labor	(0.25 hours @ $32)	8

Variable overhead is applied based on direct labor-hours. The variable overhead rate is $16 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $10 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2 million for the coming year.

At the end of the year, the costs analyst reported that the sales activity variance for the year was $336,000 favorable.

The following is the actual income statement (in thousands of dollars) for the year for Golden Food Products:

Sales revenue	$ 17,300
Less variable costs
Direct materials	838
Direct labor	1,030
Variable overhead	553
Total variable costs	$ 2,421
Contribution margin	$ 14,879
Less fixed costs
Fixed manufacturing overhead	2,475
Nonmanufacturing costs	2,144
Total fixed costs	$ 4,619
Operating profit	$ 10,260

During the year, the company purchased 329,500 pounds of material and employed 35,160 hours of direct labor.

Required:

1. Compute the direct materials price and efficiency variances.
2. Compute the direct labor price and efficiency variances.
3. Compute the variable overhead price and efficiency variances
4. 

\begin{tabular}{|l|l|l|} \hline a. Direct materials: & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline b. Direct labor: & & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline c. Variable overhead: & & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline a. Direct materials: & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline b. Direct labor: & & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline c. Variable overhead: & & \\ \hline Price variance & & \\ \hline Efficiency variance & & \\ \hline \end{tabular}