5 Part 1 of 2 Required Information [The following information applies to the questions displayed below.] Tall Pines Brewery (TPB) makes two specialty beers in its microbrewery: Golden Ale and Dark Ale. Both beers sell for the same price per case in the U.S. market and in the export market. The latter market is primarlly European countries. Both beers also have the same variable production costs, though the export product has slightly higher variable costs due to shipping and other distribution costs associated with the export beers. The price, cost, and market information for the two beers are shown below: Budgeted Weighted Average CM Budgeted Actual 29,880 19.08 48,888 29, 350 21,562 50,850 $ 102 184 $ 101 106 Sales units (Cases) Domestic Export Total Price per case Domestic Export Variable cost per case Domestic Export Contribution margin per case Domestic Export Total contribution margin Domestic Export $ 69 82 $ 69 75 $ 33 22 $ 32 31 $ 957,600 418,880 $ 939, 280 666,589 $ 28.6458 Industry Budget Industry Actual Sales units (cases) Domestic 936,500 959,550 Export 663,480 673,750 The budget was prepared with the expectation that the currency exchange rate would be $1.36 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.56 per euro. Required: 1. What is the contribution margin market share variance? 2 What is the contribution margin market size varlance? 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance and sales quantity varlance? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. S 1. 2. 3. Contribution margin market share variance Contribution margin market size variance Selling price variance Sales volume variance Sales mix variance Sales quantity variance IS IS IS S 49,946.82 Favorable 28.948.30 Favorable 13,650.00 Favorable 295,700.00 Favorable 2,744.00 Favorable 292.958.00 Favorable OOOO 4. S