New Technologies manufactures capacitors for celular base stations and other communication applications. The company's 2008 feble budget shows output let at 7.500,000, and 11.000 units. The state budget was based on expected sales of 8,000 ure. The company sold 11,000 units during July. Its flexible budget and actual opeting income was as follows: Click the icon to view the textile budget Cock the conto vew the income statement) Read the regiments 4 5 For the Month Ended July 31, 2018 2 3 (1) - 3 Flexible A Budges Flexible Rey Variance Budget Sales VED Budget Amount Per Unit 13: Volume Vari Saat Budges Susu Vanate Even Combong Douane Choose 5:24 Requirement 2. What was the effect on Network's operating income of selling 2,000 units more than the static budget level of sales? Selling 2.000 units more than the static budget level of sales Network's operating income by Requirement 3. What is Network's static budget variance for operating income? Network's static budget variance is $ meaning that its operating income is than expected per the static budget Requirement 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 repo Choose two reasons why the flexible budget performance report provides Network's managers with more information than the simple static budget variance These variances suggest that the marketing department did a 7 job They sold units than expected and sold them at a price than expected Choose from any list or enter any number in the input fields and the continue to the next question (Click the icon to view the flexible budget.) (Click the icon to view the income statement) uperang income was as follows: du 11,000 units The stabc budget was based on Data Table ced the sta Data Table Requirements me by Red Nel Der Network Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount 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 budger variance What insights can Network's managers draw from this performance report? Red per Unit Network Technologies Income Statement For the Month Ended July 31, 2018 Sales Reine $ 249.000 variable Expenses 170.100 Contribution Margin 78.900 Expenses 53,500 3 25,000 Opening Income bn to Ne CH Units 7500 more $ 225 165 000 $ 312,500 9000 198 0005 135.000 LE000 249.000 185.000 15 Print Done The Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income han 52 500 52.000 500 5 63.000 52000 11 0005 12.000 52,000 25000 Print $ Chel Dame 5:25