Tim notices some significant variances (see below) when comparing his actual annual numbers to budgeted numbers. Analyze these variances and comment on what likely happened over the past year. Also, make recommendations on what Tim should do with budgeting and operations next year. Sales $25,780 unfavourable Cost of Goods Sold $18,910 favourable Variable selling expenses $1,050 favourable Fixed selling expenses $1,300 favourable Fixed administrative expenses $3,000 unfavourable