Score: 0 of 20 pts 6 of 7 (2 complete) HW Score: 20%, 20 of 100 pts P23-25A (similar to) Question Help AllNet Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,500, 8,000, and 10,000 units. The static budget was based on expected sales of 8,000 units. The company sold 10,000 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) PE (Click the icon to view the income statement.) Red Read the requirements. i Data Table Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 variances, leave the Favord AllNet Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 1 Data Table AllNet Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount 3 (1)-(3) per Unit Budget Amounts Per Unit Actual Results Flexible Budget Variance Flexible Budget Units Sales Revenue 25 $ AllNet Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 257,000 Variable Expenses 135,100 Contribution Margin 121,900 59,500 Fixed Expenses 62.400 Operating Income 6,500 162,500 $ 84,500 8,000 200,000 $ 104,000 10,000 250,000 130,000 Units Sales Revenue Variable Expenses Contribution Margin Variable Expenses 78,000 58,000 20,000 $ 96,000 58,000 120,000 58,000 Fixed Expenses $ 38,000 $ 62,000 Choose from any list or enter any number in the input fields and then click Check Operating Income parts remaining Print Done Print Done 6 of 7 (2 complete) HW Score: 20%, 20 of 100 pts Score: 0 of 20 pts P23-25A (similar to) 18 Question Help AllNet Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,500, 8,000, and 10,000 units. The static budget was based on expected sales of 8,000 units. The company sold 10,000 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 statement.) Read the requirements. A Data Table - X Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 variances, Requirements - X AllNet Technologies Flexible Budget For the Month Ended July 31, 2018 1. Prepare a flexible budget performance report for July. 2. What was the effect on AllNet's operating income of selling 2,000 units more than the static budget level of sales? 3. What is AllNet's static budget variance for operating income? 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? nologies itement ed July 31, 2018 $ 257,000 135,100 Budget Amount per Unit Units Sales Revenue 25 $ 6,500 162,500 $ 84,500 8,000 200,000 $ 104,000 10,000 250,000 130,000 Units Sales Re 121,900 59,500 Variable Print Variable Expenses Contribution Margin Fixed Expenses Done 62,400 78,000 58,000 20,000 $ 96,000 58,000 120,000 58,000 38,000 $ 62,000 Choose from any list or enter any number in the input fields and th Operating Income Print Done parts 3 remaining Print Done