Golden Food Products produces speclal-formula pet food. The company carrles no inventories. The master budget calls for the company to manufacture and sell 125,500 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 applled based on direct labor-hours. The variable overhead rate is $16 per direct labor-hour. The flxed overhead rate (at the master budget level of activity) is $10 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2mililion 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 325,500 pounds of material and employed 34,040 hours of direct labor. Required: a. Compute the direct materlals price and efficiency variances. b. Compute the direct labor price and efficlency variances. c. Compute the varlable overhead price and efficiency variances. Note: For all requirements, enter your answers in whole dollars. Indleate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther optlon