Check It Off 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 and actual results for September 2014 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-budgete 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. Check It Off 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 operati loss with a minus sign or parentheses.) Actual 1 Data Table Results Units sold Revenues Variable costs Contribution margin Fixed costs Operating income (loss) The budgeted amounts for September 2014 were 13,000 Number of checkbooks Selling price per Variable cost per book Fixed costs for the month 140,000 7 The actual results for September 2014 were as follows 11,000 Number of checkbooks produced and sold Average selling price per book Variable cost per book Fixed costs for the month 23 $146,500 Print Done