AllNet Technologies manufactures capacitors for cellular base stations and other communications applications. The companys July 2018 flexible budget shows output levels of 9,000, 10,500, and 12,500 units. The static budget was based on expected sales of 10,500 units. The company sold 12,500 units during July. Its flexible budget and actual operating income was as follows:

A Data Table AllNet Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 9,000 23 $ 207,000 $ 117,000 Units Sales Revenue 10,500 241,500 $ 136,500 12,500 287,500 162,500 13 Variable Expenses Contribution Margin Fixed Expenses 90,000 51,000 39,000 $ 105,000 51,000 54,000 $ 125,000 51,000 74,000 $ Operating Income Print Done A Data Table AllNet Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 294,500 167,600 Variable Expenses Contribution Margin 126,900 52,500 Fixed Expenses 74,400 Operating Income Print Done Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) AllNet Technologies 1 5 Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget 4 (3) - (5) Budget Sales Volume Static Amounts Per Unit Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income