Problem 17-42 Revenue Analysis Using Industry Data and Multiple Product Lines (LO 17-3) 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. Sales-units (in thousands) Sales-dollars (in thousands) Variable costs 4,000 bars $720 8,000 bars S1,380 2,000 bars 2,000 bars Contribution margin Manufacturing fixed cost Product margin Marketng and administrative costs (all flxed) S 60 S 60 34$102 58137 S 15 S 26 Operating profit S 83 2,000 bars4,200 bars 7,600 bars Sales-units (in thousands) Sales-dollars (in thousands) Variable costs 1,400 bars S 84 $720 Contribution margin Manufacturing fixed cost Product margin Marketng and administrative costs (all flxed) S 39 S 50 S 244 133 375 59 S 96 S 13 47 Operating profit S 64 Industry volume was estimated at 84.0 million bars for budgeting purposes. Actual industry volume for July was 77.3 million bars. Required: a. Determine the sales price and sales 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 unfavorable. If there is no effect, do not select either option.) Sales price variance