New Boston Technologies manufactures capacitors for cellular base stations and olher communications applications. The compary's July 2016 sexible budget shows output levels of 7,000, 8,500, and 10,500 units. The static budget was based on expected sales of 8,500 units (Clck the icon to view the tlexible budget) The company sold 10,500 units duning July, and its actual operating income was as tollows: (Click the icon to view the income statement ) Requirements Read the recuirements Requirement 1. Prepare a flexible budget performance repot for July (Enter a "or for any zero balances. For any $0 variances, leave the Favorable (F) Unfavorable (U) input blank) 1. Prepare a flexible budget performance repcrt for July 2 What was the effect on New Boston's operating income of seling 2,000 units New Boston Technologies Flexible Budget Performance Report For the Month Ended July 31, 2016 more than the statc budget level of sales? . What is New Boston's static budget variance for operating income? 4. Expain why the flexible budget performance report provides more usefu nformation to New Boston's managers than the simple static budget vanance What insights can New Boston's managers draw from this performance report? Data Table Sales Print Done Amounts Actual Per Unit Results Budget olume Budget Budget New Boston Units Sales Revenue Vanable Expenses Contribution Margin Fixed Expenses Operating Income 6 Data Table Flexible Budget For the Month Ended July 31, 2016 Amount New Boston Technologies Income Statement For the Month Ended July 31, 2016 r Unit 8,500 Unils Sales Revenue Variable Expenses Contibution Margin Fixed Expenses Operating Income 10.500 25S 175,000 S 212 5003 282,500 126,000 136,500 51,000 40000 S 59 500 85500 7,000 Sales Revenue Variable Dxpenses Contribution Margin Fixed Expenses Operating Income S 269,500 102 000 110,500 51,000 84,000 91,000 51,000 138,500 52,500 86,000 Choose from any list or enter any number in the input fields and then click Check Ansiwer Print Done Prnt Done parts reaning