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

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

Required:

Calculate all varlable production cost price and efficlency varlances and fixed production cost price and production volume varlances.

$($Do not round Intermedlate calculations. Indlcate the effect of each varlance by selecting $"$F$"$ for favorable, or $"$U$"$ for unfavorable.

If there is no effect, do not select elther option.$)$