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.) (Click the icon to view the income statement.) Read the requirements. Data table Data table Requirements 1. Prepare a flexible budget performance report for July. 2. What was the effect on England's operating income of selling 2,000 units more than the static budget level of sales? 3. What is England's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to England's managers than the simple static budget variance. What insights can England's managers draw from this performance report? Requirement 2. What was the effect on England'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 England's operating income by Requirement 3. What is England's static budget variance for operating income? England's static budget variance is meaning that its operating income is than expected per the static budget. Choose two reasons why the flexible budget performance report provides England'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. 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.) (Click the icon to view the income statement.) Read the requirements. Data table Data table Requirements 1. Prepare a flexible budget performance report for July. 2. What was the effect on England's operating income of selling 2,000 units more than the static budget level of sales? 3. What is England's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to England's managers than the simple static budget variance. What insights can England's managers draw from this performance report? Requirement 2. What was the effect on England'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 England's operating income by Requirement 3. What is England's static budget variance for operating income? England's static budget variance is meaning that its operating income is than expected per the static budget. Choose two reasons why the flexible budget performance report provides England'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