Golden Food Products produces speclal-formula pet food. The company carrles no Inventorles. The master budget calls for the company to manufacture and sell 127,000 cases at a budgeted price of $60 per case this year. The standard direct cost sheet for one case of pet food follows: Varlable overhead is appled 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 actlvity) 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 varlance 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: During the year, the company purchased 327,000 pounds of materlal and employed 34,460 hours of direct labor. Requlred: a. Compute the direct materlals price and efficlency varlances. b. Compute the direct labor price and efficlency varlances. c. Compute the varlable overhead price and efficlency varlances. Note: For all requirements, enter your answers In whole dollars. Indlcate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option