Homework: chapter Score: 0 of 25 pts E7-23 (similar to) HW Save 2 of 6 (0 complete) ? HYV Score: 0%, 0 of 140 pts Question Help Bank 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 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 Assistant 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 varlance 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 Data Table Requirements Results Units sold The budgeted amounts for September 2017 were: 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 Bank Assistant find the flexible-budget-based variance analysis more Variable costs Contribution margin Fixed costs Operating income (loss) Number of checkbooks Selling price per bookS Variable cost per bookS Fixed costs for the month S 13,000 23 nformative than the static-budget-based variance analysis? Explain your answer 140,000 Print Done The actual results for September 2017 were as follows: Number of checkbooks produced and sold Average selling price per book Variable cost per book Fixed costs for the month 10,000 24 S145,800 Print Done Enter any number in the edit fields and then click Clear All Check