Control Volume of individual apps on Mac

Windows allows you to control the volume of each application in the sound mixer. There are some applications available for macs that do this but it would be nice to include in the parallels toolbox
 
Add the feature of adjust the volume of different apps at the same time (e.g. adjust the volume of a video in Youtube in order to hear well a zoom meeting or vice versa)
 
Currently you can only mute the system audio, unlike Windows mixer app. I found this would be useful as I'm in a Microsoft Teams class, we're doing labs, I don't want to shut Teams down, but I wanted to play music or watch a video during the break, and someone else in the Teams call keeps chatting away.
 
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