Bank Management 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 2009 included these data: Number of checkbooks 15,000 Selling price per book $ 20 Variable cost per book $ 8 Fixed costs for the month $145,000 The actual results for September 2009 were: Number of checkbooks 12,000 Selling price per book $ 21 Variable cost per book $ 7 Fixed costs for the month $150,000 Required: 1. Prepare a static-budget-based variance ysis of the September performance 2. Prepare a flexible-budget-based variance ysis of the September performance 3. Why might Bank Management find the flexible-budget-based variance ysis more informative than the static-budget-based variance ysis?