Golden Food Products produces special-formula pet food. The company carries 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: Direct materials (3 pounds @ $2) $ 6 Direct labor (0.25 hours @ $32) 8 Variable overhead is applied based on direct labor-hours. The variable overhead rate is $16 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $10 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2 million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance 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: Sales revenue $ 13,300 Less variable costs   Direct materials 822 Direct labor 1,014 Variable overhead 537 Total variable costs $ 2,373 Contribution margin $ 10,927 Less fixed costs   Fixed manufacturing overhead 1,955 Nonmanufacturing costs 2,136 Total fixed costs $ 4,091 Operating profit $ 6,836 During the year, the company purchased 325,500 pounds of material and employed 34,040 hours of direct labor. Required: Compute the direct materials price and efficiency variances. Compute the direct labor price and efficiency variances. Compute the variable overhead price and efficiency variances.