E Homework: Chapter 7 Question 8, E7-23 (simila.. Part 1 of 7 > HW Score: 63.97%, 7.04 of 11 points O Points: 0 of 1 Save Personal Assistant 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. Personal Assistant develops its flexible budget on the basis f budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirements. . Data Table 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 ead The budgeted amounts for September 2020 were: parentheses.) ) Actual Number of checkbooks 12.000 Results Selling price per book $ 23 Units sold Variable cost per book $ 8 Revenues Fixed costs for the month $ 140,000 Variable costs The actual results for September 2020 were as follows: Contribution margin Number of checkbooks produced and sold 9,800 Fixed costs Average selling price per book $ 24 Operating Income (loss) Variable cost per book $ 7 Fixed costs for the month $ 146,500 Print Done Help Me Solve This e Text Pages Get More Help Check