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The following data were collected by Bemidji Co for the month of June Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 11,250 units @ 39/unit $ 27.5e per unit $ 23,625 12,30 units @ $38/unit $29.40 per unit $ 22,575 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e. zero variance).) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Flexible Budget Variance Sales Volume Variance Budget Actual Static Budget Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income $ 22,575 ole budgets and show the variances by completing the table given below. (Indicate the effect of avourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Flexible Hadget Variance Sales Volume Variance Budget kual Static Budget Static Variance