Enter your answers in thousands of dollars.)

1 Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 2019 (000s omitted) follow: 5 points Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 2019 Premium Regular Total 230 698 92e $36,800 $ 79, 350 $116,150 16, 100 51,750 67,850 $ 20,700 $ 27,600 $ 48,300 12, see 8, eee 20, eee $ 8,70 $19,600 $ 28,300 Master Budget for 2019 Premium Regular Total 300 45e 750 $ 45, eee $54, see $ 99,000 21.ee 33,750 54,750 $ 24, eee $20, 250 $44,250 12, eee 2e, eee $12,000 $12,25 $ 24, 250 eBook Print Pam Kuder, CEO, expected the total Industry sales to be 1,875,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the Industry were 2,000,000 barrels. References Required: Calculate the following: 1. Selling price variances for the period for each product and for the firm. 2 Sales volume varlances for the period for each product and for the firm. 3. Sales quantity variances for each product and the firm. 4. Sales mix varlances for the period for each product and for the firm. 5. The sum of the sales quantity varlance and sales mix varlance. Also, verify that this total equals the sales volume varlance. 6. Market size variance for the period. 7. Market share variance for the period. 8. The sum of the market size variance and market share variance. Also, verify that this total equals the sales quantity variance. (Enter your answers in thousands of dollars.) 1. Selling price variance - Premium Selling price variance - Regular Total selling price varianne 1 Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 2019 (000s omitted) follow: 5 points Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 2019 Premium Regular Total 230 698 92e $36,800 $ 79, 350 $116,150 16, 100 51,750 67,850 $ 20,700 $ 27,600 $ 48,300 12, see 8, eee 20, eee $ 8,70 $19,600 $ 28,300 Master Budget for 2019 Premium Regular Total 300 45e 750 $ 45, eee $54, see $ 99,000 21.ee 33,750 54,750 $ 24, eee $20, 250 $44,250 12, eee 2e, eee $12,000 $12,25 $ 24, 250 eBook Print Pam Kuder, CEO, expected the total Industry sales to be 1,875,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the Industry were 2,000,000 barrels. References Required: Calculate the following: 1. Selling price variances for the period for each product and for the firm. 2 Sales volume varlances for the period for each product and for the firm. 3. Sales quantity variances for each product and the firm. 4. Sales mix varlances for the period for each product and for the firm. 5. The sum of the sales quantity varlance and sales mix varlance. Also, verify that this total equals the sales volume varlance. 6. Market size variance for the period. 7. Market share variance for the period. 8. The sum of the market size variance and market share variance. Also, verify that this total equals the sales quantity variance. (Enter your answers in thousands of dollars.) 1. Selling price variance - Premium Selling price variance - Regular Total selling price varianne