Phone Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses 8,000 9,500 11,500 25 $ 200,000 $ 237,500 $ 287,500 11 88,000 104,500 126,500 112,000 133,000 161,000 50,000 50000 50,000 $ 62,000 $ 83,000 $ 111,000 Operating Income Print Done 1 Data Table For Phone Technologies Income Statement For the Month Ended July 31, 2018 5 Sales Revenue $ 294,500 Variable Expenses 131,700 Contribution Margin 162,800 51,500 Static Fixed Expenses Budget $ 111,300 Operating Income Print Done - Technologies manufactures capacitors for cellular base stations and other com output levels of 8,000, 9,500, and 11,500 units. The static budget was based on expected sales of 9,500 units. The company 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.) ad the requirements riable Expenses ontribution Margin xed Expenses Operating Income Requirement 2. What was the effect on Phone'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 Phone's operating income by $ Requirement 3. What is Phono's static budget variance for operating income? Phone's static budget variance is $ ] meaning that its operating income is than expected per the static budget Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Selling 2,000 units more than the static budget level of sales Phone's operating income by $ Requirement 3. What is Phone's static budget variance for operating income? Phone's static budget variance in $ . 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 Phone's managers than the simple static budget variance. What insights can Phone's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides Phone's managers with more information than the simple static budget variance. job. They sold V units than expected and sold them at a price than These variances suggest that the marketing department did a expected Choose from any sit or enter any number in the input fields and then continue to the next question Save for later