Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000s omitted) follow Operating Results of 20xx Regular Master Budget for 20xx Regular 390 Premium Total Premium Total Barrels Sales 210 630 840 260 650 $31,500 Variable expenses 14,700 Contribution margin $16,000 $66,150 44,100 $ 22,050 $ 97,650 58,800 $38,850 $ 36,400 18,200 $18,200 $ 42,900 27,300 $ 79,300 Fixed expenses Operating Income 13,000 $3,000 12,000 $ 10,050 25,000 $13,850 13,000 $5,200 $ 15,600 12,000 45,500 $33,800 25,000 $3,600 $ 8,000 Pam Kuder, CEO, expected the total industry sales to be 1,625,000 barrels during the period. After the year. Mark Goldfeder, the controller, reported that the total sales for the industry were 1,680.000 barrels. Required: Calculate the following 1. Selling price variances for the period for each product and for the firm. 2. Sales volume variances for the period for each product and for the firm 3. Sales quantity variances for each product and the firm 4. Sales mix variances for the period for each product and for the firm. 5. The sum of the sales quantity variance and sales mix variance. Also, verify that this total equals the sales volume variance 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.)