The following data were collected by Bemidji Co. for the month of June: 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, "V" for unfavourable, and "Wone" for no efiect (i.e., zero variance).) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 \begin{tabular}{|l|l|l|l|l|l|l|} \hline dget Variance & Fiexible Budget & Sales Volume Variance & Static Budget \\ \hline \end{tabular}