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Olive Tree Products sold 86,000 units during the last period when industry volume totaled 334,000...

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Accounting

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Olive Tree Products sold 86,000 units during the last period when industry volume totaled 334,000 units. The company originally expected to sell 89,000 based on a budgeted market share of 20 percent. The budgeted selling price was $59 per unit. Budgeted variable costs were $34 per unit. Budgeted fixed costs were $314,000 and applied based on units produced. Required: Compute the sales activity variance, and break it down into market share variance and the industry volume variance (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 activity variance Market share variance Industry volumo variance

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