Homework: 4-1 MyAccountingLab Homework: Chapters 6-8 HW Score: 0%, 0 of 45 pts Score: 0 of 5 pts 409 (0 complete) E7-23 (similar to) Check t Ofl Pinters, Inc, prouces honury checkbooks with three checks and shutes per page Each checkbonk ia designed for an individul cusiomer and is ordered through the custome's bark The company's operatinfr September 2017 included these data EB (Cick the kcon to view the operating budget and actual resuts) er tan budgeted sein g pice and a lowe, nan budgeted variabin cast per ant el psitstete budget on the basis of budgeted promo neve e AS Thoxecut o vice president ofthe company observed tat the operating income for September eas much lower than antic ated mphe a h he company's manag ent accountant you have been asked topre ideega as sk the disapporteg September res As Check It d and per eutput unit variable costs without detaled analysis of budgeted inputs Read the peqement Requirement 1.Prepare a staic-budget-based varlance analysis of the September performance egin wah the actualresults then compute the state budget andthe static budget variances Labe.each variance astroatie er utrverat teiEaer an-aing loss sen a ensieness) Actual Units sold Revenunt Variable costs Enter any number in the edt fields and nen cick Check Answer Check It Off Printers, Inc, produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ord September 2017 included these data: EEB (Click the icon to view the operating budget and actual Data Table The executive vice president of the company observed that the company's management accountant, you have been ask and per-output-unit variable costs without detailed analysis q e a higher-than-budgete Off develops its flexible The budgeted amounts for September 2017 were Read the requirements Number of checkbooks 14,000 Actual Selling price per book 24 Results Variable cost per books Units sold Fixed costs for the month $ 130,000 Revenues The actual results for September 2017 were as follows Variable costs Contribution margin Number of checkbooks produced and sold 11,000 Average seling price per book 25 Fixed costs Variable cost per book Operating income (loss) Fixed costs for the month S136,000 Enter any number in the edit fields and then click Check Print Done emaining perating income for September was much lower than anticipated, despite a higher-than-budgeted sel i Requirements 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 Check It Off find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your answer. Print Done swer