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 Chewy 4,000 bars $440 320 $120 Chunky 4,000 bars $880 720 $160 40 $120 Choco-Lite 8,000 bars $1,920 1,640 $ 280 60 $ 220 Total 16,000 bars $3,240 2,680 $ 560 139 $ 421 57 $364 39 $ 81 Budget Sales-units (in thousands) Sales-dollars (in thousands) Variable costs Contribution margin Manufacturing fixed cost Product margin Marketing and administrative costs (all fixed) Operating profit Actual Sales-units (in thousands) Sales-dollars (in thousands) Variable costs Contribution margin Manufacturing fixed cost Product margin Marketing and administrative costs (all fixed) Operating profit 3,000 bars $180 102 $ 78 39 $ 39 4,000 bars $880 764 $116 40 $ 76 8,200 bars $1,920 1.658 $ 262 55 $ 207 15,200 bars $2,980 2,524 $ 456 134 $ 322 34 $ 288 Industry volume was estimated at 96.4 million bars for budgeting purposes. Actual industry volume for July was 92.4 million bars. Required: Break down the total activity variance into sales 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.) Sales mix variance Quantity variance