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			Master Budget for 20XX
	Premium	Regular	Total	Premium	Regular	Total
Barrels	210	630	840	260	390	650
Sales	$ 34,650	$ 75,600	$ 110,250	$ 40,300	$ 48,750	$ 89,050
Variable expenses	18,900	50,400	69,300	23,400	31,200	54,600
Contribution margin	$ 15,750	$ 25,200	$ 40,950	$ 16,900	$ 17,550	$ 34,450
Fixed expenses	11,000	6,000	17,000	11,000	6,000	17,000
Operating income	$ 4,750	$ 19,200	$ 23,950	$ 5,900	$ 11,550	$ 17,450

Pam Kuder, CEO, expected the total industry sales to be 1,300,000 barrels during the period. After the year, Mark Goldfeder, the controller, reported that the total sales for the industry were 1,400,000 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.