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Tasty Creations is a manufacturer of pumpkin pies. For September 2020 , the company's operating budget included the following: Actual results were as follows: Sales(units-actualquantity)AveragesellingpriceperpieDirectmaterialscostsperpieTotalfixedcostsforthemonth465,000$4.60$1.65$355,000

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Tasty Creations is a manufacturer of pumpkin pies. For September 2020 , the company's operating budget included the following: Actual results were as follows: Sales(units-actualquantity)AveragesellingpriceperpieDirectmaterialscostsperpieTotalfixedcostsforthemonth465,000$4.60$1.65$355,000 Tasty Creations' CEO observed that September's operating income was lower than anticipated and has asked you to prepare a report outlining the reasons for the discouraging results. Required: 1. Calculate the total materials variance for September. 2. Calculate the materials price variance and materials usage variance for September, indicating whether the variances are favourable or unfavourable. 3. Prepare a brief memo for the CEO of Tasty Creations that discusses the reported operating income for September

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