CoursHeroTranscribedText: 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 year. Volume is apportioned among the three var'ieties 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. Budget (all units and costs in thousands) Bean Tomato Vegetable Total Sales-units 36 cases 30 cases 66 cases 126 cases Sales-dollars $ 1,266 $ 2,460 $ 3,686 $ 7,266 Variable costs 846 1,920 2,766 5,526 Contribution margin $ 369 $ 480 $ 346 $ 1,686 Manufacturing fixed cost 240 246 366 846 Product margin $ 120 $ 240 $ 486 $ 349 Marketing and administrative costs (all fixed) 366 Operating profit $ 546 Actual (all units and costs in thousands) Bean Tomato Vegetable Total Sales-units 24 cases 36 cases 63 cases 117 cases Sales-dollars $ 972 S 2,466 $ 3,606 $ 6,972 Variable costs 672 1,932 2,784 5,388 Contribution margin $ 366 $ 468 $ 316 $ 1,534 Manufacturing fixed cost 252 264 378 894 Product margin $ 48 $ 294 $ 438 $ 696 Marketing and administrative costs (all fixed) 336 Operating profit S 366 Industry volume for the quarter was estimated at 1.2 million cases for budgeting purposes. Actual industry volume for the quarter was 1.140.000 cases. Required: Break down the total activity variance into sales mix and quantity parts. Note: Do not round intermediate calculations. 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. Sales mi): variance Quantity variance