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Check Mate Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered
Check Mate 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 2013 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 manager responsible for the checkbook unit, you have been asked to provide explanations for the disappointing September results Check Mate 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 Begin with the actual resuits, then compute the static budget and the static-budget Data Table 1.Prepare a static budget-based vaniance analysis of the September performance 2.Prepare a flexible budget-based variance analysis of the September performance. 3.Why might Check Mate find the flexible budget-based variance analysis more The budgeted amounts for September 2013 were: Actual Number of checkbooks Selling price per book Variable cost per book s Fixed costs for the month 105,000 21,000 resuts nformative than the static budget-based variance analysis? Explain your answer Units sold Revenues Variable costs Contrioution margin 15,500 Print Done The actual results for September 2013 were as follows Number of checkbooks produced and sold Average selling price per book Variable cost per book Fixed costs for the month 15,500 23 Enter any number in the edit fields and then click Check Answer. $ 109,500 Check
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