Campbell Soup Company (CPB) is a U.S. manufacturer and marketer of high-quality, branded food and beverage products. In 2018, CPB announced its vision to be a leading snacks and simple meals company, with a portfolio of best-in-class products and brands, and to pursue increased, multi-year cost savings initiatives. CPB provides selected financial data for fiscal year 2019: 377 From the Income Statement (In million dollars) FY 2018 FY 2019 Net sales $ 7,890 $ 8,700 Costs and expenses Cost of goods sold 4,734 5,394 Sales and marketing 902 Administrative expenses 654 R&D expenses 111 110 Other general expenses 457 422 Total cost and expenses 6,707 7,482 Operating income $ 1,184 $ 1.218 From the 2019 Balance Sheet (In million dollars) Beginning Ending Cash $ 319 $ 226 Accounts receivable, net 605 783 Raw materials inventory 244 Finished goods inventory 525 Other current assets 74 Plant assets, net of depreciation 2,454 3,233 Intangible assets, net of amortization 3,233 8,776 Other assets 139 224 Total assets $ 7,726 $14,161 855 550 589 86 7. (5 points) Choose from the following to identify the variance type that best matches the items below: A. Sales activity B. Sales price C. Sales mix D. Sales quantity E. Marketing and Administrative i. Difference between operating revenues in the master budget and operating revenues in the flexible budget that arises because actual number of units sold is different from planned sales in units. i. Difference between the flexible budget period costs and the actual period costs ii. Variance arising from the relative proportion of different products sold iv. Difference between the actual selling price and the budgeted selling price multiplied by the actual number of units sold v. Variance occurring in multiproduct companies from the change in volume of sales, independent of any change in mix