The following information is provided to assist you in evaluating the performance of the production operations of Studio Company: 51,000 Units produced (actual) Master production budget Direct materials Direct labor Overhead Standard costs per unit Direct materials $129,360 109,760 170,520 $1.65 x 2 gallons per unit of output $14 per hour x 0.2 hour per unit $13.00 per direct labor-hour Direct labor Variable overhead Actual costs Direct materials purchased and used Direct labor Overhead $137,550 (78,600 gallons) 129,913 (9,380 hours) 171,200 (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 varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price Variance Efficiency Variance Production Volume Variance Direct materials Direct labor Variable overhead Fixed overhead