Homework: Chapter 7 Homework Question 9, E7-23 (similar to) HW Score: 34.7%, 10.41 of 30 points Save Part 1 of 7 Points: 0.41 of 2 Check Mate Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2020 included these data: (Click the icon to view the operating budget and actual results.) The executive vice president of the company observed that the operating income for September was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. Check Mate develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirements. O Requirement 1. Prepare a static-budget-based variance analysis of the September performance. Begin with the actual results, then compute the static budget and the static-budget variances. Label each variance as favorable or unfavorable. (Enter an operating loss with a minus sign or parentheses.) Actual Results Units sold O Revenues Variable costs O Contribution margin Fixed costs Help me solve this Etext pages Get more help - Clear all Check answerE Homework: Chapter 7 Homework Question 9, E7-23 (similar to) HW Score: 34.7%, 10.41 of 30 points Save Part 1 of 7 Points: 0.41 of 2 Check Mate Printers, Inc., produces luxury checkbooks with the operating budget for September 2020 included these data: X er and is ordered through the customer's bank. The company's Data table (Click the icon to view the operating budget and actual res The executive vice president of the company observed that the han-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company's management accountant, you have be The budgeted amounts for September 2020 were: develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed an Read the requirements. Number of checkbooks 14,000 Selling price per book 22 Variable cost per book 7 Fixed costs for the month $ 125,000 O Requirement 1. Prepare a static-budget-based variance analy The actual results for September 2020 were as follows: Begin with the actual results, then compute the static budget a er an operating loss with a minus sign or parentheses.) Number of checkbooks produced and sold 11,000 Actual Average selling price per book $ 24 Results Variable cost per book 6 Units sold O Fixed costs for the month $ 129,900 Revenues Variable costs O Contribution margin Print Done Fixed costs Help me solve this Etext pages Get more help - Clear all Check answer= Homework: Chapter 7 Homework Question 9, E7-23 (similar to) HW Score: 34.7%, 10.41 of 30 points Part 1 of 7 Points: 0.41 of 2 Save Check Mate Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2020 included these data: (Click the icon to view the operating budget and actual results.) The executive vice president of the company observed that the operating income for September was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. Check Mate develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirements. X Requirements O Requirement 1. Prepare a static-budget-based var 1. Prepare a static-budget-based variance analysis of the September performance. Begin with the actual results, then compute the stat 2. Prepare a flexible-budget-based variance analysis of the September performance. (ting loss with a minus sign or parentheses.) 3. Why might Check Mate find the flexible-budget-based variance analysis more Actual informative than the static-budget-based variance analysis? Explain your answer. Results Units sold O Revenues Print Done Variable costs O Contribution margin Fixed costs Help me solve this Etext pages Get more help - Clear all Check