AllTalk Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,000, 3.500, and 10.500 units. The static budget was based on expected sales of 8.500 units. The company sold 10,500 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.) - X Data table Data table AllTalk Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit Units 7,000 AllTalk Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 248,500 141,600 Variable Expenses Contribution Margin 106.900 51,000 Fixed Expenses $ 55,900 Operating Income Sales Revenue $ 23 $ 8,500 10,500 195,500 $ 241.500 110,500 136,500 161,000 $ 13 91.000 70,000 85,000 105,000 e Variable Expenses Contribution Margin Fixed Expenses Operating Income 50.000 50,000 50,000 20.000 $ n $ 35,000 $ 55.000 TE Print Done Print Done Requirement 1. Prepare a filexible budget performance report for July. (Enter a "U for any zero balances. For any S0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) AllTalk Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 3 5 (1)-(3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income DO Requirement 2. What was the effect on All Talk's operating income of selling 2,000 units more than the static budget level of sales? Selling 2,000 units more than the static budget level of sales AllTalk's operating income by S Requirement 3. What is AllTalk's static budget variance for operating income? AllTalk's static budget variance is $ meaning that its operating income is than expected per the static budget. Requirement 4. Explain why the flexible budget performance report provides more useful information to All Talk's managers than the simple static budget variance. What insights can AllTalk's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides AllTalk's managers with more information than the simple static budget variance. These variances suggest that the marketing department did a job. They sold units than expected and sold them at a price than expected