Geppetto's Toy Shop produces toys. During January, the following information was gathered: Dart Board Sets Lego Dolls Breyer Golf Stuffed Horses Sets Toys Budgeted units sold 275 550 500 90 750 250 Actual units sold 190 425 300 150 450 375 Budgeted selling price $8 $32 $12 $45 $90 $20 Actual selling price $5 $26 $13 $40 $110 $26 Budgeted variable cost $4 $19 $6 $25 $37 $11 Actual variable cost $2 $16 $5 $20 $40 $12 Actual market size was 21,500, whereas budgeted market share was 14%. REQUIRED: 1. Compute the: total variance (actual results CM-static budget CM) flexible-budget variance (actual results CM-flexible budget CM) sales price variance (actual sales - flexible budget sales) variable cost variance (actual variable costs - flexible budget costs) sales-volume variance (flexible budget CM - static budget CM) sales-mix variance sales-quantity variance market-share variance market-size variance Be sure to indicate whether each is favorable or unfavorable. 2. Calculate numbers to four decimal points. 3. An Executive Summary is required.