(Click the icon to view the operating budget and actual results.) Read the requirements. Requirement 1. Prepare a static-budget-based variance analysis of the September performance. Data table Requirement 2. Prepare a flexible-budget-based variance analysis of the September performance. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make si losses with a minus sign or parentheses.) Requirement 3. Why might Finance Assistant find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? The flexible-budget the static-budget variance. This allows the managers to see the portion of the variance that arose because sales price and costs were either higher or lower than expected, as shown in the column, and the portion of the variance that arose because the sales volume was different than expected, as shown in the column. The primary reason for the static-budget variance is the in unit volume. One explanation for this change is the actual selling price from the budgeted price. Variable costs relative to the flexbile budget, which could be due to management or using quality materials