ACC 200-002 Spring 2020 10:30 am to 12:00 pm (IDAP) Riley Cabanero & 05/11/20 8:22 AM Save Homework: Chapter 23 Homework Score: 0 of 1 pt 2 of 3 (2 complete) P23-25A (similar to) HW Score: 47.44%, 1.42 of 3 pts Question Help Cellular Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,500,8,000, and 10,000 units. The static budget was based on expected sales of 8,000 units. The company sold 10,000 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. Flexible Budget Performance Report For the Month Ended July 31, 2018 2 (1)-(3) Flexible Actual Budget Flexible Results Variance (3) - (5) Sales Volume Budget Amounts Per Unit Static Budget Budget Variance Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income UU Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All Question Help ctures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows 2009 s during July. Its flexible bu was Data Table flex Cellular Technologi Flexible Budget For the Month Ended July 31, 2018 Budget Amount dge per Unit Un Units Sales Revenue 24 $ 15 6,500 156,000 $ 97,500 8,000 192,000 $ 120,000 10,000 240,000 150,000 90,000 53,000 Variable Expenses Contribution Margin Fixed Expenses Operating Income 58,500 53,000 5,500 $ 72.000 53,000 19.000 $ 37,000 Print Done er an (Click the icon to view the income statement.) Nuy Data Table ble Bu the Mo tual Cellular Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 247,000 155,200 Variable Expenses Contribution Margin 91,800 54,000 Fixed Expenses 37,800 Operating Income sults Print Done 6 Requirements Prepare a flexible budget performance report for July. 2. What was the effect on Cellular's operating income of selling 2,000 units more than the static budget level of sales? 3. What is Cellular's static budget variance for operating income? Explain why the flexible budget performance report provides more useful information to Cellular's managers than the simple static budget variance. What insights can Cellular's managers draw from this performance report? Print Done