Smith Company managers received the following incomplete performance report: (Click the icon to view the incomplete...

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Smith Company managers received the following incomplete performance report: (Click the icon to view the incomplete performance report.) Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning Complete the performance report. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F/Unfavorable (U) input blank.) Smith Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income S Actual Results 41,000 218,000 82,000 136,000 106.000 30,000 Flexible Budget Variance S Flexible Budget 41,000 218,000 $ 81,000 137,000 101,000 30,000 $ Sales Volume Variance 12,000 F 25,000 F 5,000 U 20,000 F 0 20.000 F Static Budget Smith Company managers received the following incomplete performance report: (Click the icon to view the incomplete performance report.) Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning Complete the performance report. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F/Unfavorable (U) input blank.) Smith Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income S Actual Results 41,000 218,000 82,000 136,000 106.000 30,000 Flexible Budget Variance S Flexible Budget 41,000 218,000 $ 81,000 137,000 101,000 30,000 $ Sales Volume Variance 12,000 F 25,000 F 5,000 U 20,000 F 0 20.000 F Static Budget

Answer rating: 100% (QA)

Units Flexible Budget Variance Actual Units Flexible Budget Units 41000 41000 0 Sales Volume Variance Actual Units Static Budget Units Selling Price p... View the full answer