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. - Data table Requirement 1. Prepare a static-budget-base Begin with the actual results, then compute the with a minus sign or parentheses.) Actual The budgeted amounts for September 2020 were: Number of checkbooks 15,000 Infavorable. (Enter an operating loss Selling price per book 20 Variable cost per book 8 Results Fixed costs for the month $ 145,000 Units sold Revenues The actual results for September 2020 were as follows: Variable costs Contribution margin Fixed costs Operating income (loss) Number of checkbooks produced and sold 12,000 Average selling price per book $ 21 Variable cost per book $ 7 $ 150,000 Fixed costs for the month