England Technologies manufactures capacitors for cellular base stations and other comunicstions applications. The companys July 2018 flexible budget shows outputs 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:

- Data Table input ht eg 0 England Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit FO Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses 9,000 10,500 12,500 20 $ 180,000 $ 210,000 $ 250,000 13 117,000 136,500 162,500 63,000 73,500 87,500 53,000 53,000 53,000 $ 10,000 $ 20,500 $ 34,500 Operating Income mer communications applications. The company's July 2018 flexible budget shows OL Texible budget and actual operating income was as follows: the income statement.) "0" for any zer yUnfavorab Data Table (3) S ible Vo England Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 257,000 Variable Expenses 167,700 Contribution Margin 89,300 54,000 Fixed Expenses $ 35,300 Operating Income get Var Print Done k Check Answer. eep Requirements 20 F 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? Print Done Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 vari England Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 2 3 4 (1)-(3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income