Bank Assistant Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2013 included these data EEB (Click the icon to view the operating budget and actual results.) The executive vice president of the company observed that the operating income for September was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the manager responsible for the checkbook unit, you have been asked to provide explanations for the disappointing September results. Bank Assistant develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirem Data Table Requirement 1. Prepare a static budget-based variance analysis of the September performan ce as favorable Begin with the actual results, then compute the static budget and the static-budget variances. ( (F) or unfavorable (U).) The budgeted amounts for September 2013 were Number of checkbooks Selling price per book Variable cost per book Fixed costs for the month 13,000 Requirements $115,000 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 Bank Assistant find the flexible budget-based variance analysis more informative than the static budget-based variance analysis? Explain your answer. The actual results for September 2013 were as follows Number of checkbooks produced and sold Average selling price per boolk Variable cost per book Fixed costs for the month 8,000 26 PrintDone S 119,500