4 5 For the Month Ended July 31, 2018 1 2 3 (1)-(3) Flexible (3) - (5) Sales Budget Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Flexible Budget Variance Sales Volume Variance Static Budget Variance put fields and then click Check Answer. P23-25A (similar to) Question Help England Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 5.500, 7.000, and 9,000 units. The static budget was based on expected sales of 7,000 units. The company sold 9,000 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements Requirement 1. Prepare a flexible budget performance report for July (Entere *0* for any zero balances. For any $0 variances, leave the Favorable (FVUnfavorable (U) input blank.) 5 England Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget Budget Amounts (3) - (5) Sales Volume Variance Static Per Unit Budget Units Sales Revenue Warisha nanen Choose from any list or enter any number in the input fields and then click Check Answer 2 of 3 (3 complete) H org id Data Table X budget shows ctual operating f le (F/Unfavor England Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount bl th per Unit Units 7,000 Sales Revenue 25 $ 5,500 137,500 $ 60,500 175,000 $ 77,000 9,000 225,000 99,000 u 11 ul Variable Expenses Contribution Margin Fixed Expenses 77,000 56,000 98,000 56,000 126,000 56,000 $ 21,000 $ 42,000 $ 70,000 Operating Income in Print Done Clear All 348 F . AP W MacBook Pro 2 of 3 (3 complete) base stations and other communications applications. The company's July sales of 7,000 units. The company sold 9,000 units during July. Its flexible lick the Data Table Dort for leave echnol England Technologies Income Statement erform nded J 2 (1)-(3) Flexible For the Month Ended July 31, 2018 Sales Revenue $ 232,000 Variable Expenses 104,100 Contribution Margin 127,900 Fixed Expenses 57,500 $ 70,400 Operating Income Budget Variancl Print Done fields and then click Check Answer. Clear All Bos ter 23 Homework 2 of 3 (3 complete) acitors for cellular base stations and other communications applications. The company's July 2018 flexible buc ased on expected sales of 7,000 units. The company sold 9,000 units during July. Its flexible budget and actua get.) (Click the icon to view the income statement.) perform 0 Requirements - X fable (F En exible E For the N 1. Prepare a flexible budget performance report for July. 2. What was the effect on England's operating income of selling 2,000 units more than the static budget level of sales? 3. What is England's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to England's managers than the simple static budget variance. What insights can England's managers draw from this performance report? Actual Results Print Done er in the input fields and then click Check