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 for September 2017 included these data:

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. 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.

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 Check It Off find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your answer.

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Check Hot Printers, Inc., oraduces luxury checkacka with three checks and sata per page. Each checkbook is designed for an individual customer and la ardered through the customer's bank. The company's operating budget for September 2017 included these cata: Click to konto view the operating budget and Actual resulta The coute vice presicent of the company observed that the operating income for September was much lower than arbcipascd, desphe a higher-than-budgeted selling price and lower-than-budgeted variabic cost per unit. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. Check of develop its flexible budget on the basis of budgeted per-cutput-uril revenue and per-outpul-univariable costs wthout detailed glysis of budgwled inputs. Read the rain Requirement 1. Prasi-barland were analysis of the September performant Begin with the actual results, then como to the static budget and the statio-budget variances. Labelcach wines as favorable or unavarabic. Enter an operatinglass with a minus signor grantes Actual Statie-Budget Static Results Variances Budget Units sold 10.200 O Revenues $ 285200 51 000 Vanale 50 Contribution margin 214. 200 in 125 800 Find a 5 BB 400 Operating in some cas - * X Data Table The budgeted amounts for September 2017 were: Number of checkbooks Selling price per book $ Variable con per book 3 Find out for the month $ $ 13.000 23 B 120.000 Requirements The crew.la formar 2017 www 1. Prepare a state budget-based variance analysis of the September performance 2. Prepare a fexdole budget besed variance analysis of the September performance Mexic 3. Why might Check it Ol find the flexible-budget-besed variance arabe more informative than the statis-budget-based variance analysia? Explain your retr. 10.200 26 Number of theckbooks produced and sold Average aling pike per book Variable cost per book Friend cons for the munin $ $ 125 800 Print Done