Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20XX (000s omitted) follow: Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 20XX Regular 660 Total 880 Premium Master Budget for 20XX Regular Total 280 420 700 $ 43,400 26,600 Premium 220 $ 36,300 20,900 $ 15,400 11,000 $ 4,400 $ 24,700 $ 115,500 70,400 $ 45,100 16,000 $ 29,100 $ 5,800 $ 16,000 $ 79,200 49,500 $ 29,700 5,000 $ 16,800 11,000 $ 52,500 31,500 $ 21,000 5,000 $ 95,900 58,100 $ 37,800 16,000 $ 21,800 Pam Kuder, CEO, expected the total industry sales to be 2,500,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 2,750,000 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.)