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CoursHeroTranscribedText: 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 Chewy Chunky Choco-Lite Total Sales-units (in thousands) 2, 680 bars 2,080 bars 4,080 bars 8, 090 bar's Sales-dollars (in thousands) $ 200 $400 $606 $1, 206 Variable costs 320 460 920 Contribution margin $ 60 80 $140 280 Manufacturing fixed cost 60 140 Product margin $ 26 $ 40 $ 80 Marketing and administrative costs (all fixed) 50 Operating profit 90 Actual Chewy Chunky Choco-Lite Total Sales-units (in thousands) 1,680 bars 2,080 bars 4,280 bars 7,800 bar's Sales-dollars (in thousands) $162 $400 $606 $1, 162 Variable costs 112 322 464 198 Contribution margin $ 50 78 $136 $ 264 Manufacturing fixed cost 42 AA 63 149 Product margin $ 8 34 $ 73 $ 115 Marketing and administrative costs (all fixed) 55 Operating profit $ Industry volume was estimated at 80 million bars for budgeting purposes. Actual Industry volume for July was 76 million bars. Required: Break down the total activity variance Into sales mix and quantity parts. (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 elther option.) Sales mix variance Quantity variance

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