analysis. CUP, Inc produce and sell customized paper cups. The company's operating budget for April 2020 included these data: 450 Number of Package produced and sold (100 Brown Paper Cups with White Lids) SR 140 SR 56 Selling price per Package Variable cost per Package Fixed costs for the month The actual results for April 2020 were as follows: SR 20,000 420 Number of Package produced and sold (100 Brown Paper Cups with White Lids) Selling price per Package Variable cost per Package SR 136 SR 58 Fixed costs for the month SR19,500 Required: 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might CUP, Inc find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your answer. analysis. CUP, Inc produce and sell customized paper cups. The company's operating budget for April 2020 included these data: 450 Number of Package produced and sold (100 Brown Paper Cups with White Lids) SR 140 SR 56 Selling price per Package Variable cost per Package Fixed costs for the month The actual results for April 2020 were as follows: SR 20,000 420 Number of Package produced and sold (100 Brown Paper Cups with White Lids) Selling price per Package Variable cost per Package SR 136 SR 58 Fixed costs for the month SR19,500 Required: 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might CUP, Inc find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your