I need all 5 requirements for this chart. Thanks

1.	Prepare a flexible budget performance report for July.
2.	What was the effect on Network's operating income of selling 2,000 units more than the static budget level of sales?
3.	What is Network's static budget variance for operating income?
4.	Explain why the flexible budget performance report provides more useful information to Network's managers than the simple static budget variance. What insights can Network's managers draw from this performance report?

Score: 0 of 1 pt 6 of 7 (5 complete) HW Score: 66.14%, 4.63 of 7 P23-25A (similar to) A Question Help Network Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,500, 9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units. The company sold 11,000 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 requirements. 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 blank.) Data Table Network Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 (1)-(3) 4 5 (3) - (5) Flexible Sales Budget Amounts Network Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit Actual Flexible Volume Static Budget Variance Per Unit Results Budget Variance Budget Units Units Sales Revenue Sales Revenue $ Variable Expenses 7,500 9,000 11,000 25 $ 187,500 $ 225,000 $ 275,000 14 105,000 126,000 154,000 82,500 99,000 121,000 Contribution Margin Variable Expenses Contribution Margin Fixed Expenses Fixed Expenses 54,000 54,000 54,000 45,000 $ S Operating Income 28.500 5 67,000 Operating Income Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer A Data Table X 1 Network Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 282,000 159,200 Variable Expenses Contribution Margin 122,800 55,000 Fixed Expenses $ 67,800 Operating Income Print Done