P24-2A Refer to Cellular Technologies. Problem 24-1A. The company sold 11.000 units dur- ing October 20X4. and its actual operating income was as follows: CELLULAR TECHNOLOGIES Income Statement October 20X4 Sales revenue $235.000 Variable expenses: Cost of goods sold. 90.250 Sales commissions. 11.250 Shipping expense 6.750 Fixed expenses: Salary expense 33.200 Depreciation expense. 13,250 Rent expense. 22,000 Insurance expense. 3,700 Total expenses. 180,400 Operating income. $ 54,600 Required 1. Prepare an income statement performance report for October. 2. What was the effect on Cellular Technologies' operating income of selling 2,000 units more than the static budget level of sales? 3. What is Cellular Technologies' static budget variance? Explain why the income statement performance report provides more useful information to Cellular Technologies' managers than the simple static budget variance. What insights can Cellular Technologies' man- agers draw from this performance report?