Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 20X omitted) follow Barrels Sales Variable expenses Contribution margin Fixed expenses Operating income Operating Results of 20xx Premium Regular Total 210 630 840 1535) 700 $ 78.750 $ 114,45 21,600 53.550 74,550 $ 14,700 $ 25, 200 $ 39,900 11,000 7,000 18,000 $ 3,700 $ 18,280 $ 21,900 Master Budget for 20xx Premium Regular Total 280 420 780 $ 44,880 $ 54,600 $ 99,488 28,089 25,709 63 780 $ 16,880 $ 18,989 $ 35,7ee 11.000 7.000 18,689 $ 5,888 $ 11,989 $ 17,780 Pam Kuder. CEO. expected the total industry sales to be 2,000,000 barrels during the period. After the year, Mark Goldfec controller, reported that the total sales for the Industry were 2,100,000 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 varlance. Also, verify that this total equals the sales volume variand 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 quanuity varlar (Enter your answers in thousands of dollars.) S $ $ $ Selling price variance - Premium Selling price variance - Regular Total selling price variance 2. Sales volume variance - Premium Sales volume variance - Regular Total sales volume variance 3. Sales quantity variances - Premium Sales quantity wanances. Regular Total sales quantity variance 4 Sales mi variance - Premium Sales mix vanane - Regular Total sales mix variance Sales volume variance 6. Market se variance 7 Market share variance 8. Sales quantity variance 2.100 Favorable 3.150 Unfavorable (1.050) Unfavorable 11.200 Unfavorable Favorable Favorable Favorable Favorable Favorable Unfavorable Favorable Unfavorable Favorable Favorable Favorable Favorable