Network Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2024 flexible budget shows output levels of 8,000, 9,500, and 11,500 units. The static budget was based on expected sales of 9,500 units. The company sold 11,500 units during July. Its flexible budget and actual operating income was as follows: B (Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements. Data table Network Technologies Requirement 1. Prepare a flexible budget performance report for July. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Flexible Budget Network Technologies Flexible Budget Performance Report For the Month Ended July 31, 2024 - For the Month Ended July 31, 2024 Budget Amount Data table per Unit 1 2 3 4 5 Units 8,000 9,500 11,500 (1)-(3) (3) - (5) Network Technologies Sales Revenue $ 24 $ 192,000 $ 228,000 $ 276,000 Budget Flexible Income Statement Sales Variable Expenses 12 96,000 114,000 138,000 Amounts Actual Flexible Volume Static Budget Variance Contribution Margin 96,000 114,000 138,000 Per Unit Results Budget Variance Budget Fixed Expenses 54,000 54,000 54,000 Units $ 42,000 $ 60,000 $ 84,000 For the Month Ended July 31, 2024 Sales Revenue $ 283,000 Variable Expenses 143,000 Contribution Margin 140,000 Fixed Expenses 55,000 $ 85,000 Operating Income Operating Income Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Print Done Operating Income Print Done