part 1

part 2 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 variance as favorable or unfavorable. (For variances with a $0 balance, make sure to oriter "O' in the appropriate field. If the varlance is zero, do not select a label. Enter operating losses with a minus sign or parentheses.)

part 3

Check Plus Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual austomer and is ordered through the customar's bank. The company/s operating budget for September 2017 included these data: (Click the icon to view the operating budget and actual resuits.) The executive vice president of the company observed that the operating inoome for September was much lower than anticipated, despite a highex-than-budgeted nolling 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 resulls. Check. Plus develops its flexible budget on the basis of budgeted per-output-unit revenue and per-cutput-init variable ckits without detailed analysis of budgeted inputs. Fead the Requirements 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might Check Plus find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your answer. The budgeted amounts for September 2017 were: The actual results for September 2017 were as follows: Requirement 1. Prepare a statie budpet-based variance analysis of the September performance. Requirement 2. Prepare a fexible-budget-based varasce analyis of the Septamber pertormance: The appropnata fied. if the varlance is zero, do not telect a label. Enter operating losses wth a minus sipn or pareceneses.) Requirument 2 Why migrt Chesk Plut fred the fexble budges based varance aralyais more itsomatve than the stasicbudges bused varance analyais? The fenble budped erpected st show in the column, avd the portion of the variance that aroee because the sales volme was dfferet than eepected, an shown in he The panay reason tor the manapement er usirg gulty materiak. et the statc. OPTIONS FOR REQUIREMENT \#3 -breaks down -takes a high-level look at -flexible-budget variance -sales volume variance -favorable - unfavorable -increase -decrease