answer to your best knowledge

Network Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,500,9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units. The company sold 11,000 units during July. Its flexible budget and actual operating income was as follows: '(Click the icon to view the flexible budget.) 7 (Click the icon to view the income statement.) \begin{tabular}{llllccc} & \multicolumn{1}{c}{ Amounts Per Unit } & Actual Results & Budget Variance & Flexible Budget & Volume Vaperiance size Buaget \\ \hline & & 9000 & & 11000 & \\ \hline Units & & & & 11000 \\ \hline \end{tabular} Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income (2) (15) Requirement 2. What was the effect on Network'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 Network's operating income by $ Requirement 3 . What is Network's static budget variance for operating income? Network'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 Network's managers than the simple static budget variance. What insights can Network's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides Network's managers with more information than the simple static budget variance. These variances suggest that the marketing department did a 222 job. They sold (23 units than expected and sold them at a (24) price than expected Network Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue 5. 249,000 Variable Expenses 148,000 Contribution Margin 101.000 Fixed Expenses 57,500 Operating Income