Karen's Cookies bakes two types of gourmet cookie; Double Chocolate and Macadamia Chocolate. When preparing her budget for next year Karen estimated that her cookies would be 20% of Edmonton's 1,000,000 box gourmet cookie market. At the end of the year Karen prepared the following worksheets: Double Chocolate Actuals AAAB AABB ABBB Budgets Ind Total Sales 960,000 960,000 960,000 960,000 1,000,000 Mkt Share (%) 0.205 0.205 0.205 0.200 0.200 Sales Mix (%) 0.530 0.530 0.550 0.550 0.550 CM per unit 0.88 0.90 0.90 0.90 0.90 Totals 91.788 93,874 97,416 95,040 99.000 Macadamia Choc Actuals AAAB AABB ABBB Budgets Ind Total Sales 960,000 960,000 960,000 960,000 1,000,000 Mkt Share (%) 0.205 0.205 0.205 0.200 0.200 Sales Mix (%) 0.470 0.470 0.450 0.450 0.450 1.25 CM per unit 1.20 1.20 1.20 1.20 Totals 115,620 110.995 106,272 103,680 108,000 Required - Complete the following variance report indicating whether or not the total variances are (F) or (U) (14 marks): TH A- B 1 Karen's Cookies bakes two types of gourmet cookie; Double Chocolate and Macadamia Chocolate. When preparing her budget for next year Karen estimated that her cookies would be 20% of Edmonton's 1,000,000 box gourmet cookie market. At the end of the year Karen prepared the following worksheets: Double Chocolate Actuals AAAB AABB ABBB Budgets Ind Total Sales 960,000 960,000 960,000 960,000 1,000,000 Mkt Share (%) 0.205 0.205 0.205 0.200 0.200 Sales Mix (%) 0.530 0.530 0.550 0.550 0.550 CM per unit 0.88 0.90 0.90 0.90 0.90 Totals 91.788 93,874 97,416 95,040 99.000 Macadamia Choc Actuals AAAB AABB ABBB Budgets Ind Total Sales 960,000 960,000 960,000 960,000 1,000,000 Mkt Share (%) 0.205 0.205 0.205 0.200 0.200 Sales Mix (%) 0.470 0.470 0.450 0.450 0.450 1.25 CM per unit 1.20 1.20 1.20 1.20 Totals 115,620 110.995 106,272 103,680 108,000 Required - Complete the following variance report indicating whether or not the total variances are (F) or (U) (14 marks): TH A- B 1