P23-25A Chapter 23

% P23-25A (similar to) Question Help NetTech Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 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: (Click the icon to view the flexible budget.) Click the icon to view the income statemen Read the requirements Requirement 1. Prepare a flexible budget performance report for July (Enter a "O" for any zero balances. For any 50 variances, leave the Favorable (FYUnfavorable (U) input blank.) NetTech Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 4 (3) - (5) Sales Budget Amounts Per Unit (1)-(3) Flexible Budget Variance lexible Actual Results Volume Variance Static Budget Budget Sales Revenue Variable Expenses Choose from any list or enter any number in the input fields and then click Check Answer 5 parts Clear All Check Answer 5 remaining This course introduction to Managerial Accounting Spring 2020 (Section 02) is based on Nobles: Horngren's Financial Managerial Accounting Managerial Chapters, 5 School NetTech Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 ew Brunswicoutout levels of 5 500. 7.000, and 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 d 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 Flexible Budget Performance Report For the Month Ended July 31, 2018 (1)-(3) Flexible Budget Amounts Per Unit (3)-(5) Sales Volume Variance Budget Actual Results Flexible Budget Static Budget Variance Units Sales Revenue Variable Expenses Contribution Margin Fored Expenses Operating Income Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check Al Data Table hications applications. The company's July 2018 flexible budget shows es of 7,000 units. The company sold 9.000 units during July. Its flexible statement.) NetTech Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 5,500 25 $ 137,500 $ 71,500 Units 7.000 175,000 $ 91,000 9,000 225,000 117,000 (3) - (5) Sales Volume Sales Revenue Static Budget Variable Expenses Contribution Margin 66,000 51.000 15.000 $ 34.000 51.000 33,000 $ 108.000 51,000 57,000 * Requirements Fixed Expenses Operating income Print Done 1. Prepare a flexible budget performance report for July 2. What was the effect on NetTech's operating income of selling 2,000 unts more than the static budget level of sales? 3. What is NetTech's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to NetTech's managers than the simple static budget variance What insights can NetTech's managers draw from this performance report? Ocorating Income Choose from any list or enter any number in the input fields and then click Ched 5 parts 5 remaining Print Done .: Click the icon to view the income statement.). Data Table su Mo NetTech Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 232,000 122,100 Variable Expenses Contribution Margin 109,900 52,000 Fixed Expenses 57,900 Operating Income Print Done