The budgeted amounts for September $2020$ were:

Number of checkbooks

$19,000$

Selling price per book

Variable cost per book

$

$19$

Fixed costs for the month

$

$7$

$$120,000$

The actual results for September $2020$ were as follows:

Results

Variances

Units sold

Revenues

Variable costs

Contribution margin

Fixed costs

Operating income $($loss$)$

Number of checkbooks produced and sold

Budget

Average selling price per book

Variable cost per book

Fixed costs for the month

$,15,900$

$$,20$

$$,6$

$$,124,900$

Requirement $2.$ Prepare a flexible$-$budget$-$based variance analysis of the September performance.

Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each var

or parentheses.$)$

Units sold

Revenues

Variable costs

Contribution margin

Fixed costs

Operating income $($loss$)$