Trustex Printers Inc. produces luxury chequebooks with three cheques and stubs per page. Each chequebook is designed for an individual customer and is ordered through the customer$$s bank. The company$$s operating budget for September included these data: BackThe table is as follows. Number of chequebooks $15,000$ Selling price per book $ $20$ Variable costs per book $ $8$ Total fixed costs for the month $$145,000$ BackThe actual results for September were BackThe table is as follows. Number of chequebooks produced and sold $10,000$ Average selling price per book $ $25\mathrm{.}20$ Variable costs per book $ $7$ Total fixed costs for the month $$150,000$ BackThe executive vice$-$president of the company observed that the operating income for September was much less than anticipated, despite a higher$-$than$-$budgeted selling price and a lower$-$than$-$budgeted variable cost per unit. You have been asked to provide explanations for the disappointing September results.Trustex develops its flexible$-$budget$-$based budgeted revenue per output unit and variable costs per output unit without a detailed analysis of budgeted inputs.$267$Required Prepare a Level $1$ analysis of the September performance.Prepare a Level $2$ analysis of the September performance.Why might Trustex find the Level $2$ analysis more informative than the Level $1$ analysis? Explain your answer. Check Figure: $2.$ Total flexible$-$budget variance, $$57,000$ F