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acct 390 ch 17 hw q 5 Earle Soup Company makes three varieties of soups: Bean, Tomato, and Vegetable. Sales volume for the annual budget

acct 390 ch 17 hw q 5
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Earle Soup Company makes three varieties of soups: Bean, Tomato, and Vegetable. Sales volume for the annual budget is determined by estimating the total market volume for soups and then applying the company's prior year market share, adjusted for planned changes due to company programs for the coming yeor. Volume is apportioned among the three varieties of soup based on the prior year's product mix, again adjusted for planned changes for the coming year. The following are the company budget and the results of operations for the most recent quarter: Industry volume for the quarter was estimated at 1.2 million cases for budgeting purposes. Actual industry volume for the cuarter was 1,140,000 cases. Required: Break down the total activity variance into sales mix and quantity parts. Note: Do not round intermediate calculetions, Enter your answers in thousands. 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

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