Springwater Brewery has two main products: premium and regular ale. Its operating results and master budget for 2019 (000s omitted) follow: Operating Results of 2019 Master Budget for 2019 Premium Regular Total Premium Regular Total Barrels 240 720 960 300 450 750 Sales$36,000 $75,600 $111,600 $42,000 $49,500 $91,500 Variable expenses 16,800 50,400 67,200 21,000 31,500 52,500 Contribution margin$19,200 $25,200 $44,400 $21,000 $18,000 $39,000 Fixed expenses 13,000 7,000 20,000 13,000 7,000 20,000 Operating income$6,200 $18,200 $24,400 $8,000 $11,000 $19,000 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 3,000,000 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.