England Technologies manufactures capacitors for celular base stations and other communications applications. The company's July 2013 fexible budget shows output levels of 5,500, 7,000, and 9.000 units. The static budget was based on opected sales of 7,000 units. The company sold 9,000 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 regiments Requirement 1. Prepare a flexible budget performance report for July (Envera o for any zero bones. For any variances, leave the favorable ( Funfavorable (U) input blank) Data Table England Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 (1)-(3) Budget Flexible Amount Actual Budget Flexible Volume Static Per Unit England Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 5.500 $ 25 $ 137,500 $ 5.000 Sales Revenge Variable Expenses Contribution Margin Sales Revenue 7000 175.000 $ 84.000 9.000 225,000 100.000 Flood Expenses Variable Expenses Contribution Margin 71,500 58.000 91.000 58.000 117,000 58.000 Operating Income Faced Expenses 13,500 $ 33000 $ 59,000 Operating Income Requirement 1. Prepare a flexible budget performance report for July. (Enter a "o" for any zero balances. For any 50 variances, leave the Favorable (Funfavorable (U) input blank.) England Technologies Flexible Budget Performance Report 6 Data Table For the Month Ended July 31, 2018 23 5 (1)-(3) (3) - (5) England Technologies Budget Flexible Sales Income Statement Amounts Actual Budget Flexible Volume Static For the Month Ended July 31, 2018 Per Unit Results Variance Variance Budget Sales Revenue 232,000 Units 113,100 Variable Expenses Sales Revenue Contribution Margin 118,900 Variable Expenses 50 000 Fixed Expenses Contribution Margin 59,900 Operating Income Faced Expenses Operating Income Print Done