NetTech Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2024 flexible budget shows output levels of 5,500. 7,000, and 9,000 units. The static budget was based on expected sales of 7,000 units. The company sold 9,000 units during July. Its flexible budget and actual operating income was as follows: NetTech Technologies Flexible Budget For the Month Ended July 31, 2024 Budget Amount per Unit Units 5,500 7,000 9,000 Sales Revenue 23 $ 126,500 $ 161,000 $ 207,000 Variable Expenses 12 66,000 84,000 108,000 Contribution Margin 60,500 77,000 99,000 Fixed Expenses 58,000 58,000 58,000 $ 2,500 $ 19,000 $ 41,000 Operating Income $ NetTech Technologies Income Statement For the Month Ended July 31, 2024 Sales Revenue $ 214,000 Variable Expenses 113,200 Contribution Margin 100,800 Fixed Expenses 59,500 $ 41,300 Operating Income Requirement 1. Prepare a fexble budget performance report for July (Enter a for any zero balances. For any $variances, leave the favorable (FyUnfavorable (U) input blank.) NetTech Technologies Flexible Budget Performance Report For the Month Ended July 31, 2024 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 Requirement 2. What was the effect on NetTech's operating income of soling 2.000 units more than the static budget level of sales? Seling 2,000 units more than the static budget level of sales NetTech's operating income by Requirement 3. What is Not Tech's static budget variance for operating income? Not Tech's static budget variance is meaning that its operating income is han expected per the start budget Requirement 4. Explain why the flexible budget performance report provides more useful information to NetTech's managers than the simple state buspot variance. What insights can Not Tech's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides Not Tech's managers with more information than the simple static budget variano These variances suggest that the marketing department dida job. They sold units than expected and sold them at a price than expected