Bank Management Printers Inc. produces luxury checkbooks with three checks and stubs per page. Each checkbook is designe for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2015 inclues these data: Number of Checkbooks: 15,000 Selling Price per book: $20 Variable cost per book: $8 Fixed costs for the month: $145,000

The actual results for September 2015 were as follows: Number of Checkbooks: 12,000 Selling Price per book: $21 Variable cost per book: $7 Fixed costs for the month: $150,000

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 Management find the flexible budget based variance analysis ore informatice than the static budget based variance analysis?