Alert for not submit AI generated answer. I need unique and correct answer. Don't try to copy from anywhere. Do not give answer in image formet and hand writing 7-21 Flexible-budget preparation and analysis. [Excel template] (LO 2) TrustexPrinters Inc. produces luxury chequebooks with three cheques and stubs per page.Each chequebook is designed for an individual customer and is ordered throughthe customer's bank. The company's operating budget for September includedthese data:Number of chequebooksSelling price per bookVariable costs per bookTotal fixed costs for the monthThe actual results for September wereNumber of chequebooks produced and soldAverage selling price per bookVariable costs per bookTotal fixed costs for the month15,000$ 20S8$145,00010,000S25.20S7$150,000The executive vice-president of the company observed that the operating incomefor September was much less than anticipated, despite a higher-than-budgetedselling price and a lower-than-budgeted variable cost per unit. You have beenasked to provide explanations for the disappointing September results.Trustex develops its flexible-budget-based budgeted revenue per output unit andvariable costs per output unit without a detailed analysis of budgeted inputs.Required1. Prepare a Level 1 analysis of the September performance.2. Prepare a Level 2 analysis of the September performance.3. Why might Trustex find the Level 2 analysis more informative than theLevel 1 analysis? Explain your answer.Check Figure: 2. Total flexible-budget variance, $57,000 F

A Flexible budget serves as a financial strategy capable of accommodating fluctuations in…

Required 1. Prepare a Level 1 analysis of the September performance. 2. Prepare a Level 2 analysis of the September performance. 3. Why might Trustex find the Level 2 analysis more informative than the Level 1 analysis? Explain your answer.

Required 1. Prepare a Level 1 analysis of the September performance. 2. Prepare a Level 2 analysis of the September performance. 3. Why might Trustex find the Level 2 analysis more informative than the Level 1 analysis? Explain your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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