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AlNet Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 8,000, 9,500, and
AlNet Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 8,000, 9,500, and 11.500 units. The state expected sales of 9,500 units. The company sold 11.500 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) Read the requirements (Click the loon to view the income statement) 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 Flexible Budget Performance Report For the Month Ended July 31, 2018 Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income 2 3 5 (1)-(0) (3)-(5) Budget Flexible Sales Amounts Actuali Budget Flexible Per Unit Results Variance Budget Volume Variance Static Budget
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