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 Aprils actual results. In 50 words or fewer, discuss some possible explanations for the variances. (In other words, make up a story thats consistent with the facts.)