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Kindly explain in details. Thank you The following data were collected by Bemidji...

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Accounting

Kindly explain in details. Thank you

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The following data were collected by Bemidji Co. for the month of June: 13,000 units @ 44/unit $ 31.ee per unit $ 27,300 Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 14,4ee units @ $43/unit $ 33.6e per unit $ 25,900 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero verlence).) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Flexible Budget Variance Budget Sales Volume Variance Actual Static Budget Static Variance Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income

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