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Exercise 17-26 (Algo) Industry Volume and Market Share Variances (LO 17-3) Appoline Juices budgeted sales of 88,020 units of Grape, assuming that the company would

image text in transcribed Exercise 17-26 (Algo) Industry Volume and Market Share Variances (LO 17-3) Appoline Juices budgeted sales of 88,020 units of Grape, assuming that the company would have 30 percent of 293,400 units sold in a particular market. The actual results were 80,210 units sold by Appoline, which represented a 26 percent share of the total market. The budgeted contribution margin is $11.00 per unit. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance. Note: 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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