Earle Soup Company makes three varieties of soups: Bean, Tomato, and Vegetable. Sales volume for the annual budget is determined by estimating the total market volume for soups and then applying the company$$s prior year market share, adjusted for planned changes due to company programs for the coming year. Volume is apportioned among the three varieties of soup based on the prior year$$s product mix, again adjusted for planned changes for the coming yearIndustry volume for the quarter was estimated at $1\mathrm{.}2$ million cases for budgeting purposes. Actual industry volume for the quarter was

$1,140,000$ cases.

Required:

a$.$ Determine the sales price and sales activity variances.

b$.$ Break down the sales activity variance into the parts caused by industry volume and market share.

Complete this question by entering your answers in the tabs below.

Determine the sales price and sales activity variances.

Note: 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.

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.

Note: 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.