CellBase Technologies manufactures capacitors for cellular base stations and other communications applications The company's July 2024 flexible budget shows output levels of 7,500, 9,000, and 11,000 units The static budget was based on expected sales of 9,000 units. The company sold 11,000 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 CellBase Technologies Flexible Budget For the Month Ended July 31, 2024 Budget Amount per Unit 7,500 Units 11,000 9,000 $ 22 $ 165,000 $ Sales Revenue 198,000 $ 242,000 13 117 000 97,500 143,000 Variable Expenses 67,500 81,000 Contribution Margin 99,000 57 000 Fixed Expenses 57,000 24,000 $ 57 000 42,000 $ en 10,500 $ Operating Income CellBase Technologies Income Statement For the Month Ended July 31, 2024 Sales Revenue $ 249,000 148,200 Variable Expenses Contribution Margin 100.800 58,500 Fixed Expenses $ 42,300 Operating Income Requirement 1. Prepare a flexible budget performance report for July (Enter a tor for any zero balances For any 50 variances, leave the Favorable (F)unfavorable (U) input blank ) 4 5 CellBase Technologies Flexible Budget Performance Report For the Month Ended July 31, 2024 1 2 3 (3) (3) Flexible Actual Budget Flexible Results Variance Budget (3) (5) Budget Sales Amounts Volume Static Per Unit Variance Budget Units Sales Revenue Variable Ex Contribution Margin Fixed Expenses Budget Sales Amounts Actual Flexible Budget Variance Volume Static Flexible Budget Per Unit Results Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Requirement 2. What was the effect on CeliBase'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 CellBase's operating income by Requirement 3. What is CollBase's static budget variance for operating income? Collbase'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 CelBase's managers than the simple static budget variance What insights can CellBase's managers draw from this performance report? Choose two reasons why the flexible budget performance report provides CellBase's managers with more information than the simple static budget variance These variances suggest that the marketing department did a job. They sold V units than expected and sold them at a price than expected