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 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 Chewy 2,000 bars $180 130 $ 50 45 Chunky 2,000 bars $400 340 $ 60 32 Choco-Lite 4,000 bars $800 660 $140 58 Total 8,000 bars $1,380 1,130 $ 250 135 5 $ 28 $ 82 $ 115 59 $ 56 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 Chewy 1,400 bars $ 98 62 $ 36 35 Chunky 2,000 bars $400 342 $ 58 39 Choco-Lite 4,200 bars $800 653 $147 60 Total 7,600 bars $1,298 1,057 $ 241 134 $ 1 $ 19 $ 87 $ 107 37 $ 70 Complete this question by entering your answers in the tabs below. Required A Required B Determine the sales price and sales activity variances. (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 price variance Sales activity variance Required A Required B Break down the sales activity variance into the parts caused by industry volume and market share. (Do not round intermediate calculations. Enter your answers in thousands rounded to 1 decimal place. 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.) Market share variance Industry variance