undefined

. , , . budget and actual operating Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements Data Table Requirement 1. Prepare a flexible budget performance report for July. (Enter a "O" for any zero balances. For any SD variances, leave the Favorable (F/Unfavorable (U) input blank.) Phone Technologies i Data Table Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 4 d 5 Phone Technologies (3) - (5) Budget Flexible Sales Flexible Budget Amounts Actual Budget Flexible Volume Static For the Month Ended July 31, 2018 Budget Per Unit Results Budget Variance Budget Amount Units per Unit Units 5,500 7,000 9,000 Sales Revenue Sales Revenue $ Variable Experises 23 $ 128.500 $ 181,000 S 207,000 12 Variable Expenses 68.COD B4.000 100,000 Contribution Margin Contribution Margin 80.500 77.000 99,000 Fixed Expenses Fixed Expenses 51.000 51.000 51,000 Operating Income $ 9.500 $ 28,000 S 48,000 Operating Income Variance Phone Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 214,000 Variable Expenses 113,200 Contribution Margin 100,000 Fixed Expenses 52,500 $ 48,300 Operating Income Print Done L Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Phone's static budget variance for operating income? meaning that its operating income is than expected Phone's static budget variance is $ 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. These variances suggest that the marketing department did a job. They sold units than expected and sold them at a price than expected. Choose from any list or enter any number in the input fields and then continue to the next