Problem 17-42 Revenue Analysis Using Industry Data and Multiple Product Lines (LO 17-3) 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 years 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 Chunisy 2000 bars 2,000 bars 4,000 bars 3440 Total $1,380 $60160 S 280 Chooo-Lite 5220 5720 Contribution margin 34 3 28 137 3 15 3102 Product margin Marketing and administrative costs fail fixed) S 143 S 83 Operating prof Actual Sales-units (in thousands) Sales-dollars (in thousands) Variable costs 1.400 bars $ 84 2,000 bars $440 4,200 bars 7600 bars $720 S124 45 $ 390155244 3759 Contribution margin Manufacturing fixed cost Product margin Marketng and administrative costs (al fixed) 5 13 $ 95 47 5 64 Operating proit Industry volume was estimated at 84.0 million bars for budgeting purposes. Actual industry volume for July was 77.3 million bars. Required a. 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 3.0o0