The following information is provided to assist you in evaluating the performance of the production operations of Studio Company:

Units produced (actual)	52,000
Master production budget
Direct materials	$129,030
Direct labor	109,480
Overhead	164,220
Standard costs per unit
Direct materials	$1.65 2 gallons per unit of output
Direct labor	$14 per hour 0.2 hour per unit
Variable overhead	$12.00 per direct labor-hour
Actual costs
Direct materials purchased and used	$134,470 (79,100 gallons)
Direct labor	132,246 (9,480 hours)
Overhead	172,200 (61% is variable)

Variable overhead is applied on the basis of direct labor-hours.

Required:

Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

	Price Variance		Efficiency Variance		Production Volume Variance
Direct materials
Direct labor
Variable overhead
Fixed overhead