Problem 7 -49 (Aigo) Revenue Anslysis Using industry Duta and Multiple Product Lines (L.0 74 ) Perintula Candy Company makes tree types of cancy bars Chewy. Chunky, and Choco-ute (Lte) Snles volume for the annual budget is delermined by eskinating the tatal market volume for candy bars and then applying the compeny't prot we wr market share, odpisted for planned changes due to company programs for the coming yest. Volume is apportioned among the three bass besed on the prior yesers product mix, agnin adjusted for planned changes for the coming yac. The following are the company budpet and the results of operasons for July Industry volume was estimated at 870 malion bars for budgeting purposes. Actual industy volume for july wes 7 7 300 mition bari. Aequlred: a. Dotermine the soles price and rales activity veriances b. Brenk dowa the sales actity varlance into the parts caused ty incurty volume and markot share. Complete this question by entering your answers in the tabs below. Determine the saies price and ales 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 unfavarable. If there is no effect, do not select either Ferinsula Candy Compary makes three types of candy bars Chewy. Chuniky, and Chocolute (Lite) Sales volume for the annual budget is determined by essimating the total market volume for candy bars and then applying the company's priot year market share, scjusted for planned changes due to compary programs for the coming year, Volume is apportioned among the three ban based on the prior year's product mix, again adjusted for planned changes for the coming yese The following are the compary budget and the results of operations for July. Indusity volume was estimated at 870 million bars for budgeting purposes. Actual industry volume for . Jly was 78300 milition bass Required: a. Determine the sales price and sales activity variances. b. Broak down the sales activity variance into the parts caused by industry volume and manket share. Complete this question by entering your answers in the tabs below. 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 esch varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.)