Phone Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,500, 9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units. The company sold 11,000 units during July. Its flexible budget and actual operating income was as follows: E (Click the icon to view the flexible budget.) 3 (Click the icon to view the income statement.) Read the requirements, . Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Phone Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 4 5 (3) - (5) (1)-(3) Flexible Budget Sales Amounts Actual Flexible Volume Static Budget Variance Per Unit Results Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Phone Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output ley Je company sold 11,000 units during July - X E: (Click the icon to vie Data table Read the requirements Phone Technologies Flexible Budget leave the Favorable Requirement 1. Prepard (F)/Unfavorable (U) inpu For the Month Ended July 31, 2018 Budget Amount per Unit Units 7,500 9,000 11,000 Sales Revenue $ 23 $ 172,500 $ 207,000 $ 253,000 11 82,500 99,000 121,000 Variable Expenses Contribution Margin 90,000 108,000 132,000 Fixed Expenses 54,000 54,000 54,000 $ 54,000 78,000 $ 36,000 $ Operating Income Units Sales Revenue Print Done Variable Expenses Contribution Margin Fixed Expenses Operating Income Phone Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,500, 9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units. The company sold 11,000 units during July. Its flexible budget and actual operating income was as follows: E: (Click the icon to view the flexible budy - X Read the requirements, Data table Phone Technologies Requirement 1. Prepare a flexible budget (F)/Unfavorable (U) input blank.) any $0 variances, leave the Favorable Income Statement Fle F For the Month Ended July 31, 2018 Sales Revenue $ 260,000 Variable Expenses 126,000 Contribution Margin 134,000 55,000 Fixed Expenses $ 79,000 Operating Income 5 Budget Amounts tatic Per Unit RI udget Units Print Done Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income