Finance Management Printers Inc produces luxury chequebooks with three cheques and stubs per page. Each chequebook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2018 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 less than anticipated, despite a higher than-budgeted selling price and a lower than-budgeted variable cost per unit. You have been asked to provide explanations for the disappointing September results Finance Management develops its flexible-budget-based budgeted revenue per output unit and variable costs per output unit without a detailed analysis of budgeted inputs Operating budget and actual results X Required 1. Prepare a Level 1 analysis of the September performance. 2. Prepare a Level 2 analysis of the September performance 3. Why might Finance Management find the Level 2 analysis more informative than the Level 1 analysis? Explain your answer hen The budgeted amounts for September 2018 were Number of chaquebooks 18,000 Selling price per book 5 25 Variable costs per book $ 8 Totalfixed costs for the month $ 145,000 The actual results for September 2018 were Number of chequebooks produced and sold Average saling price per book $ Variable costs per book $ Total fund costs for the month $ Print Done ssig ssign 12.250 30.60 6 149,500 In continue to the west question d AS Paint Done (AUS323) is based on Women Cost Accounting A Managerial Ephess, Bunn Cariace Toner SAMSUNG