Finance Organizer 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. Finance Organizer 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 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 i X Data Table Results Units sold X Requirements Revenues The budgeted amounts for September 2017 were: Variable costs Number of checkbooks 19,000 Contribution margin Selling price per book 24 Fixed costs 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might Finance Organizer find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your Variable cost per book $ 7 Operating income (loss) Fixed costs for the month 130,000 answer. The actual results for September 2017 were as follows: Print Done 16,700 Number of checkbooks produced and sold Average selling price per book 25 Variable cost per book $ 6 Fixed costs for the month Enter any number in the edit fields and then click Check Answer. 135,800 6 Pemaining Clear All Print Done