- X - X Data table Data table Cell Plus Technologies Cell Plus Technologies Flexible Budget Income Statement Il Plus Technolog ,000 units. The st For the Month Ended July 31, 2024 For the Month Ended July 31, 2024 and Budget (Click the icon t Sales Revenue $ 295,000 Amount per Unit ad the requireme Variable Expenses 161,100 Units 8,500 10,000 12,000 Contribution Margin 133,900 Sales Revenue S 24 $ 204,000 $ 240,000 $ 288,000 58,000 Fixed Expenses Variable Expenses 13 110,500 130,000 156,000 75,900 Operating Income equirement 1. Pre Contribution Margin 93,500 110,000 132,000 Fixed Expenses 57,000 57,000 67,000 36,500 $ 53,000 $ 75,000 Operating Income Print Done - X Requirements 1. Prepare a flexible budget performance report for July 2024. 2. What was the effect on Cell Plus's operating income of selling 2,000 units hits more than the static budget level of sales? 3. What is Cell Plus's static budget variance for operating income? ales Revenue 4. Explain why the flexible budget performance report provides more useful ariable Expens information to Cell Plus's managers than the simple static budget variance. What insights can Cell Plus's managers draw from this performance report? ontribution Mar xed Expenses Print DoneCell Plus Technologies manufactures capacitors for cellular base stations and other communication applications. The company's July 2024 flexible budget shows output levels of 8,500, 10,000, and 12,000 units. The static budget was based on expected sales of 10,000 units. The company sold 12,000 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. (11 - 131 (el - (c) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating IncomeCell Plus Technologies manufactures capacitors for cellular base stations and other communication applications. The company's July 2024 flexible budget shows output levels of 8,500, 10,000, and 12,000 units. The static budget was based on expected sales of 10,000 units. The company sold 12,000 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. Requirement 2. What was the effect on Cell Plus'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 Cell Plus's operating income by A favorable sales revenue flexible budget variance means the sale price was higher than planned. A favorable sales volume variance reveals whether profits increased due to fewer units being sold. simple static budget variance. What insights can Cell Plus's A favorable sales volume variance reveals whether profits increased due to more units being sold. static budget variance. An unfavorable sales revenue flexible 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.Cell Plus Technologies manufactures capacitors for cellular base stations and other communication applications. The company's July 2024 flexible budget shows output levels of 8,500, 10,000, and 12,000 units. The static budget was based on expected sales of 10,000 units. The company sold 12,000 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. Requirement 2. What was the effect on Cell Plus'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 Cell Plus's operating income by Requirement 3. What is Cell Plus's static budget variance for operating income? Cell Plus'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 Cell Plus's managers than the simple static budget variance. What insights can Cell Plus's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides Cell Plus'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