Question: Cole Pro Company managers received the following incomplete performance report: Complete the performance report. Identify the employee group that may deserve praise and the group

Cole Pro Company managers received the following 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.

COLE PRO COMPANY Flexible Budget Performance Report For the Year Ended July 31, 2016 Flexible Sales Actual Budget Flexible Volume Stac Results Varance Budget Variance Budget Units Sales Revenue Variable Expenses 39,000 fa 214,000(b 86,000 (c) Contribution Margin 128,000d3, 000 F 39,000 8,000 F g 214,000 19,000 F ) 80,000 8,000 U ( Fixed Expenses Operating Income 108,000 (e103,000 20,000 $ 31,000 $ 11,000 F

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