The Vargas Company has the following expectations for the year: Budgeted results for the year were: Total market for the product 175,000 units Vargas's budgeted sales $1,763,125 Variable costs per unit $18.75 Selling price per unit $32.50 Actual results for the year were: Total market for the product 166,250 units Vargas's actual sales 56,525 units Total Variable costs $1,073,975 Total sales $1,752,275 Is the industry volume variance favorable or unfavorable? Favorable. Unfavorable