Brief Exercise $14-16($Static$)$ Davidson Corporation produces a single product... $[$LO $14-3]$

Davidson Corporation produces a single product: fireproof safety deposit boxes for home use. The budget going into the current year anticipated a selling price of $$55$ per unit. Because of competitive pressures, the company had to cut selling prices by $10\%$ during the year. Budgeted variable costs per unit are $$32,$ and budgeted total fixed costs are $$156,000$ for the year. Anticipated sales volume for the year was $10,000$ units. Actual sales volume was $5\%$ less than budget. $(1)$ What was the sales price variance for the year? $(2)$ Label this variance F $($favorable$)$ or U $($unfavorable$),$ as appropriate. $($Do not round intermediate calculations.$)$