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 $1.$ Pre

Begin with the actua

unfavorable. $($Enter

Units sold

Revenues

Variable costs

Contribution margin

Fixed costs

Oneratina income $(1)$

Number of checkbooks

The actual results for September $2020$ were as follows:

Number of checkbooks produced and sold

$12,000$

Average selling price per book

$ $21$

Variable cost per book

$

$7$

Need to find ACTUAL RESULTS, STATIC$-$BUDGET VARIANCES, and STATIC BUDGET of the following: units sold, revenues, variable costs, contribution margin, fixed costs, and operating income $($loss$)$