NetTech Technologies Flexible Budget Performance Report For the Month Ended July 31, 2024 1 2 3 4 5 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 12,000 12,000 10,000 Sales Revenue $23 $283,000 $7,000 F $276,000 $46,000 F $230,000 Variable Expenses 12 149,200 5,200 U 144,000 24,000 U 120,000 Contribution Margin 133,800 1,800 F 132,000 22,000 F 110,000 Fixed Expenses 51,000 1,000 U 50,000 0 50,000 Operating Income $82,800 $800 F $82,000 $22,000 F $60,000 Part 2 Flexible Budget Variance Sales Volume Variance $800 F $22,000 F Static Budget Variance $22,800 F Part 3 Requirement 2. What was the effect on NetTech's operating income of selling 2 comma 000 units more than the static budget level of sales? Selling 2,000 units more than the static budget level of sales increased NetTech's operating income by $22,000 . Part 4 Requirement 3. What is NetTech's static budget variance for operating income? NetTech's static budget variance is , meaning that its operating income is than expected per the static budget