Wine distributers is a wholesaler of wine, buying from wineries and selling to wine stores. Three different white wines are sold: Chablis, Chardonnay end Riesling.

Here are budgeted and actual sales data for the first quarter.

	Chablis	Chardonnay	Riesling	Market
Standard Contribution margin	$ 7,00	$ 8,25	$ 6,75
Standard quantity	10.000	4.000	12.000
Actual contribution margin	$ 7,25	$ 8,10	$ 7,10
Actual quantity	8.000	6.000	11.000
Expected market share				0,05%
Actual market size				62.500.000

Required:

1. Calculate the sales volume variance for each product and in total.
2. Calculate the sales mix variances and the sales quantity variances for each product and in total.
3. Calculate the market share variance and the market size variance.
4. Write a short memo interpreting to management the variances in a, b and c.