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  3. shoeco sells shoes and has the following informati

Shoeco sells shoes and has the following information for April 2020. The budget was created...

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Accounting

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Shoeco sells shoes and has the following information for April 2020. The budget was created in December 2019. . Budgeted info: Sales= 2,000 units at $80 each; VC = $35 per unit; FC = $3000 Actual info: Sales = 450 units at $62.50 each; VC = $38 per unit; FC = $4,000|| Create CFISes for the Static Budget, the Flexible Budget, and for April's actual results. In 50 words or fewer, discuss some possible explanations for the variances. (In other words, make up a story that's consistent with the facts.)

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