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. Chunky Choco-Le 2.000 bars 40bars Budget Sales-units (in thousands) Sales-dollars (in thousands) Variable costs 2,000 bars Contribution margin Manufacturing fixed cost Product margin Marketing and administrative costs (all fixed) %200 126 S 154 $ 60 S 80 $140 s 24 S 45 $ 97 Operating profit Actual 1,600 bar $112 2,000 bars200 bars 7800 bans 51472 1210 s 262 Sales-dollars (in thousands) Variable costs 5480 Contribution margin Manufacturing fixed cost Product margin Marketing and administrative costs (all fixed) s 42 s 56 164 58 138 S16 5 124 Operating profit Industry volume was estimated at 87.0 million bars for budgeting purposes. Actual industry volume for July was 79.5 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.) mix