BA 213 Managerial Accounting Wtr 20 Carter Helikson | 02/18/20 12:13 PM Homework: Chapter 23 Homework Save Score: 0 of 1 pt 2 of 3 (1 complete) HW Score: 33.33%, 1 of 3 pts P23-25A (similar to) 3 Question Help Network Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,000, 8,500, 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: E: (Click the icon to view the flexible budget.) P(Click the icon to view the income statement.) Read the requirements. * Data Table Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 varian Network Technologies Network Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 3 (1)-(3) 5 4 (3) - (5) Flexible Budget For the Month Ended July 31, 2018 Budget Amount Sales Budget Amounts Per Unit Flexible Budget Variance Actual Results Static Flexible Budget Volume Variance per Unit Budget Units Units Sales Revenue $ 25 $ 7,000 175,000 $ 77.000 8,500 212,500 $ 93.500 10,500 262,500 115.500 Sales Revenue 11 - Variable Expenses Contribution Margin Variable Expenses Contribution Margin 98,000 50,000 48,000 $ Fixed Expenses 119,000 50,000 69,000 $ 147,000 50,000 Fixed Expenses $ 97,000 Operating Income Operating Income Print Choose from any list or enter any number in the input fields and then click Check Answer. Done 5 parts Clear All remaining Check Answer BA 213 Managerial Accounting Wtr 20 Carter Helikson | 02/18/20 12:13 PM Homework: Chapter 23 Homework Save Score: 0 of 1 pt 2 of 3 (1 complete) HW Score: 33.33%, 1 of 3 pts P23-25A (similar to) 3 Question Help Network Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,000, 8,500, 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: E: (Click the icon to view the flexible budget.) P(Click the icon to view the income statement.) Read the requirements. 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.) A Data Table Network Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 3 (1)-(3) 5 4 (3) - (5) Sales Budget Amounts Per Unit Actual Results Flexible Budget Variance Flexible Budget Volume Variance Static Budget Network Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue 269,500 Variable Expenses 120,700 Contribution Margin 148,800 Fixed Expenses 51,000 $ 97,800 Operating Income Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check
