Required information

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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 primarily 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				Actual				Budgeted Wt Avg CM
Sales units (cases)
Domestic		34,000				34,350
Export		24,000				26,500
Total		58,000				60,850
Price per case
Domestic	$	112			$	111
Export		114				116
Variable cost per case
Domestic	$	74			$	74
Export		92				80
Contribution margin per case
Domestic	$	38			$	37
Export		22				36
Total contribution margin
Domestic	$	1,292,000			$	1,270,950
Export		528,000				954,000			$	31.3793

	Industry Budget			Industry Actual
Sales units (cases)
Domestic		961,500			984,550
Export		683,400			693,750

The budget was prepared with the expectation that the currency exchange rate would be $1.41 per euro. The actual average exchange rate for the period reflected the falling dollar, at $1.66 per euro.

Required:

1. What is the market share variance?

2. What is the market size variance?

3. What is the selling price variance and sales volume variance?

4. What is the sales mix variance and sales quantity variance?

(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.)