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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

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 $ 33,600 $ 72,450 $ 106,050 $ 39,000 $ 46,800 $ 85,800
Variable expenses 16,800 47,250 64,050 20,800 29,250 50,050
Contribution margin $ 16,800 $ 25,200 $ 42,000 $ 18,200 $ 17,550 $ 35,750
Fixed expenses 11,000 5,000 16,000 11,000 5,000 16,000
Operating income $ 5,800 $ 20,200 $ 26,000 $ 7,200 $ 12,550 $ 19,750

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.

1. Market size variance for the period.

2. Market share variance for the period.

3. The sum of the market size variance and market share variance. Also, verify that this total equals the sales quantity variance.

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