all talk technologies, manufactures capacitors for cellular base stations and other communications applications. The companies July 2020 for flexible budget shows output levels of 7500, 9000, and 11,000 units. The static budget was based on expected sales of 9000 units. The company sold 11,000 units during July. Its flexible budget and actual operating income was as follows:

Requirements 1. Prepare a flexible budget performance report for July. 2. What was the effect on AllTalk's operating income of selling 2,000 units more than the static budget level of sales? 3. What is AllTalk's static budget variance for operating income? 4. Explain why the flexible budget performance report provides more useful information to AllTalk's managers than the simple static budget variance. What insights can AllTalk's managers draw from this performance report? Data table Data table Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 varian