Phone Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 8,500, 10,000, and 12,000 units. The static budget was based on expected sales of 10,000 units. The company sold 12,000 units during July. Its flexible budget and actual operating income was as follows: B (Click the icon to view the flexible hudaet) PER I Click the icon to view the income statement Read the requirements. i - Data Table i Data Table Budd Amoy Phone Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Per u Units Amount Sales Revenue per Unit Phone Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 307,000 Variable Expenses 173,000 Contribution Margin 134,000 53,500 Fixed Expenses 80,500 Operating Income Variable Expenses Contribution Margin Units 8,500 10,000 12,000 Sales Revenue $ 25 $ 212,500 $ 119,000 250,000 $ 140,000 300,000 168,000 Fixed Expenses 14 Variable Expenses Contribution Margin Operating Income 93,500 52,000 110,000 52,000 132,000 52,000 Fixed Expenses Print Done $ 41,500 $ 58,000 $ 80,000 Operating Income (1)-(3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 8500 10000 12000 Sales Revenue 25 212500 F 250000 F 300000 14 119000 U 140000 U 168000 Variable Expenses Contribution Margin 93500 110000 F 132000 52000 U 52000 0 52000 Fixed Expenses 41500 58000 Operating Income F F 80000 Flexible Budget Variance Sales Volume Variance F F Static Budget Variance