Golden Food Products produces speclal-formula pel food. The company carries no inventories. The master budget calls for the company to manufacture and sell 122.000 cases at a budgeted price or $60 pericisethis year. The standard direct cost sheel for one case of pel food follows Variable ovethead is applied based on direct laborehours. The variable overhedd rate is $16 per direct labor. hiour. The fixed overhead rate (at the master budget level ol activity) is $10 per unit. All nonmanufacturing costs are fixed and are budigeted at $2.2 million for ithe coming year At the end of the year, the costs analyst reported that the sales activity vartance for the year was $336,000 favorable. The following is the actual income statement (in thousands of doliars) for the year foc Golden Food Products: Duing the yeat, the company purchased 322.000 pounds of riaterial and employed 33.060 hours of direct labor. Required: 0. Compule the direct materials price and efficiency variances b. Compute the direct labor price and efficlency varlarices c. Compute the variable overhead price and efficlency vatiances Note: For all requirements, enter your answers in whole dollars. Indicate the effect of each voriance by selecting "F" for fovorable, or " U " for unfovorable. If there is no effect, do not select either option