Personal 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 bank. The company/s operating budget for September 2020 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, despile 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. Personal Assistant develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-init variable costs without detaled analysis of budgeted inputs. Read the regsirements. Requirement 1. Prepare a statio-budget-based variance analysis of the September performance. Begin with the actual results, then compule the static budget and the statlo-budget variances. Label each variance as favorable or unfavorable. (Enter an operating loss with a minus sign or parentheses.) Personal Assistant Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is detigned for an individual customer and is ordered through the customer' benk. The company's operasing budget for September 2020 included these data: (Click the loon to view the operating budget and actual results.) September was much lower than anticipated, despite a higher-than-budgeted seling price and Data table ntant, you have been asked to provide explanations for the disappointing September results. unit revenue and per-oulput-unit variable costs without detaled analysis of budgeted inputs. Requirements 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based varlance analysis of the September performance. 3. Why might Personal Assistant find the Hexible-budget-based variance analysis more informative than the statio-budget-based variance analysis? Explain your