England Technologies manufactures capacitors for cellular base stations and other communications applications. The company July 2018 flexible budget shows levels of 9,000, 10,500 and 12,500 units. The static budget was based on sales of 10,500 units. The company sold 12,500 units during july. Its flexible budget and actual operating income was as follows

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? Print Done udget and actual operating income was as follows: he statement.) (3) Data Table X. S S Vol Var England Technologies Income Statement kible L effec static $ 40 For the Month Ended July 31, 2018 2 Sales Revenue $ 257,000 Ind's s 14 167,700 he flex Variable Expenses Contribution Margin Engla can E. 89,300 54,000 $ 14 Fixed Expenses 35,300 Operating Income Print Done P23-25A (similar to) England Technologies manufactures capacitors for cellular base stations and other communications applications. The co expected sales of 10,500 units. The company sold 12,500 units during July. Its flexible budget and actual operating incom (Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements 2 3 5 (1)-(3) (3) - (5) Sales Flexible Flexible Volume Static Budget Variance Variance Budget Amounts Actual Per Unit Results 12,500 20$ 257,000 $ 13 167,700 Budget 12,500 Units Budget 10,500 210,000 136,500 $ 7,000 F 250,000 $ 40,000 F 162,500 5,200 U 26,000 U Sales Revenue Variable Expenses Contribution Margin Fixed Expenses 1,800 F 14,000 F 89,300 54,000 87,500 53,000 73,500 53,000 1,000 0 $ 35,300 $ 800 Operating Income F 34,500 $ 14,000 F $ 20,500 Chann framan