England Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 9,000, 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 was as follows: (Click the icon to view the flexible budget.) (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 50 variances, leave the favorable (F/Unfavorable (U) input blank.) Data Table - X 4 5 England Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget (3) - (5) Sales Budget Amounts England Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount Volume Static Budget Per Unit Variance Units per Unit Sales Revenue Units 9,000 12,500 Sales Revenue $ 23 $ Variable Expenses Contribution Margin Fixed Expenses 207,000 $ 126,000 10,500 241,500 $ 147,000 287,500 175,000 14 Variable Expenses Contribution Margin Fixed Expenses 81,000 54,000 94,500 54,000 112,500 54,000 Operating Income $ 27,000 $ 40,500 $ 58,500 Data Table - X Operating Income Print Done England Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 294,500 Variable Expenses 180,000 Contribution Margin 114,500 Fixed Expenses 55,500 $ 59,000 Operating Income Choose from any list K Answer parts Chock Anwar