England Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 09,000, 10,500, and 12,500 units. The static budget was based on expected sales of 10,500 units. The company sold 12,500 units during July. Its flexible budget and actual operating income were as follows:

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 ble 1 Dald Table Data Table . England Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 (1)-(3) (3) - (5) Budget Amounts Per Unit Flexible Budget Variance Actual Results Static Flexible Budget Sales Volume Variance Budget England Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 307,000 Variable Expenses 180,200 Contribution Margin 126,800 Fixed Expenses 55,000 71,800 Operating Income England Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 9,000 24 $ 216,000 $ 14_ 126,000 90,000 54,000 36,000 $ Units S 10,500 252,000 $ 147,000 12,500 300,000 175,000 Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Sales Revenue Variable Expenses Contribution Margin Fixed Expenses 105,000 54,000 51,000 $ 125,000 54,000 71,000 Print Done Operating Income Print Done