E7-23 (book/static) Question Help Bank Management 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: (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. Bank Management develops its exible 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 operating loss with a minus sign or parentheses) Actual Sourci Results Inc Libra cation Units sold Revenues Variable costs Contribution margin Fred cost Operating income ) Enter any number in the edit fields and then click Check Answer 6 parts O remaining Clear All Check Answer 1 of 3 (0 complete) roduces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an nk. The company's operating budget for September 2017 included these data: ating budg 0 Data Table company icipated, despite geted variat asked to provic Hank Manag revenue and pe ed inputs. The budgeted amounts for September 2017 were: budget-base 20 compute the brable or unfavora 8 actual esults Number of checkbooks 15,000 Selling price per book $ Variable cost per book $ Fixed costs for the month $ 145,000 The actual results for September 2017 were as follows: Number of checkbooks produced and sold 12,000 Average selling price per book Variable cost per book Fixed costs for the month 150,000 21 Print Done elds and then click Check Answer. Clear All Che - COCA UP