AllTak Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 ficxible budget shows output levels of 8 500, 10,000, and 12.000 units. The static budget was based on cxpected sales of 10,000 units. The company sald 12 000 units turing.July Its fexile 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 recuirements blok Inferable d u Data Table Requirement 1. Prepare a ficxible budget performance report for July (Enter a ''for any zero balances For any si variances, leave the Favorable ( All Talk Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 15 (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Varianco Budget Units All Talk Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 8,500 25 $ 212,500 $ 119,000 99,500 58,000 37,500 $ Sales Revenue Sales Revenue Variable Expenses Contribution Margin 12.000 300,000 168.000 Variable Expenses Curibution Marin 10000 250,000 S 140,000 110,000 58.000 54,000 S Fixed Expenses 132,000 58.000 78,000 Fixed Expenses Operating Income Operating Income Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 Darts oirairiin Clear All Check Answer Cs, caveule avulaule Ullavulaule ( U pul Ulalik) A Data Table 0 Requirements - X All Talk Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 307,000 Variable Expenses 173,100 Contribution Margin 133,900 Fixed Expenses 57,000 $ 76,900 Operating Income 1. Prepare a flexible budget performance report for July. 2. What was the effect on AllTalk's operating income of selling 2,000 units more than the static budget level of sales? 3. What is AllTalk's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to AllTalk's managers than the simple static budget variance. What insights can AllTalk's managers draw from this performance report? Print Done Print Done