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Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 134,000 cases at a budgeted price of $74 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 $44 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $19 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.9 million for th coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $376,000 favorable. Required: Note: Enter your answers in thousands of dollars