The following data were collected by Bemidji Co. for the month of June 11,750 units @ 39/unit $ 28.50 per unit $ 24,675 Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 12,900 units @ $38/unit $ 30.60 per unit $ 23,525 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 (i.e., zero variance).) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Variance (Flexible Budget - Flexible Budget Variance Budget Static Budget) Static Budget Static Variance Actual Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income