Peninsula Candy Company makes three types of candy bars: Chewy, Chunky, and Choco-Lite (Lite). Sales volume for the annual budget is determined by estimating the total market volume for candy bars 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 bars 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 July Budget Chewy Chunk Choco-lite Total Sales-units (in thousands) 2.000 bors 2,000 bars 4,000 bars 8,000 bars Sales-dollars in thousands) 5220 5440 5720 51,380 Variable costs 380 1,100 Contribution margin 5.60 560 $160 5 280 Manufacturing fixed cost Product margin $ 15 5 26 S102 $143 Marketing and administrative costs (11 fixe) 60 Operating profit $ 160 See 83 Actual Sales-units (in thousands) Sales dollars (in thousands) Variable costs Contribution margin Manufacturing fixed cost Product margin Marketing and aoninistrative costs (all fixed) Operating profit Chewy 1,400 bars $ 84 45 $ 39 37 $2 Chunky 2,000 bars 5440 390 55 37 $ 13 ChocoLite 4,200 bars $720 565 5155 59 5.96 Total 7,690 bars $1,245 1,000 $244 133 S111 7 3. 64 Industry volume was estimated at 84.0 million bors for budgeting purposes. Actual industry volume for July was 800 million bars Required: Break down the total activity variance into soles mix and quantity parts (Do not round Intermediate calculations. 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. Enter your answers in thousands.) Sam vanance Quantity wanance