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AllNet Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2024 flexible 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. The company sold 10,500 units during Juty. Its flexible budget and actual operating income was as follows: (Click the icon to view the feoble budget.) (Click the icon to view the income statement.) Read the reguirements. Requirement 1. Prepare a flexible budget performance report for July. (Enter a " 0 " for any zoro balances. For any $0 variances, leave the Favorable (F), Unfavorable (U) input blank.) Requirement 2. What was the offect on AiNer's operating income of seling 2,000 units more than the statio budget level of sales? Selling 2,000 units more than the static budget level of sales AllNers operating income by Requirement 2. What was the effect on AllNet'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 AlNet's operating income by Requirement 3. What is AllNet's static budget variance for operating income? AliNet'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 AllNet's managers than the simple static budget variance. What insights can AllNet's managers draw from this performance report? Choose two reasons why the flexoble budget performance report provides AlNet's managers with more information than the simpla static budget variance. A favorable sales volume varlance reveals whether profits increased due to more units being sold. A favorable sales revenue flexble budget variance means the sale price was higher than planned. These variances suggest that the marketing department did a job. They sold units than expected and sold them at a price than expected. Data table Data table Requirements 1. Prepare a fexole budget performance report for July. 2. What was the effect on AliNet's operating ineome of seliting 2,000 units more than the static budget level of saben? 3. What is AINers static budget variance for operating inceme? 4. Explain why tho fexible budget performance report provides more usefu information to ANefr managers than the simple static budpet variance. What insights can NiNefs managers draw from this perfarmance repove? Requirement 2. What was the effect on AlNet's eperating incom