Bank Management 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 2020 included these data: (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 company's management accountant, you have been asked to provide explanations for the disappointing September results Bank Management 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 requirements Requirement 1. Prepare a static-budget-based variance analysis of the September performance Begin with the actual results, then compute the static budget and the static-budget variances Label each variance as favorable or unfavorable. (Enter an operating loss with a minus sign or parentheses.) C24 Units sold Revenues Variable costs Contribution margin Fixed costs Operating Income (loss) Actual Results Help me solve this Etext pages Get more help- Clear all Check answer Ege omp pare ctual esults Data table The budgeted amounts for September 2020 were: Number of checkbooks Selling price per book Variable cost per book Fixed costs for the month 15,000 EA 20 $ SA 8 $145,000 The actual results for September 2020 were as follows: Number of checkbooks produced and sold Average selling price per book Variable cost per book Fixed costs for the month E $ EA Print Done - X 12,000 21 7 $ 150,000 le