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Homework. Chapter Flexible budgets and Standard Cost Systems Score: 0 of 1 pt 2 of 10 (0 complete) HW Score: 0%, 0 of EM6-16 (similar to) Data Table Preston Company managers received the following incomplete performance report EEE (Click the icon to new the incomplete performance report) Preston Company Complete the performance report. Identify the employee group that may deserve praise and the group that may Flexible Budget Performance Report Flexible Sales For the Year Ended July 31, 2024 Actual Budget Flexible Volume Static Flexible Sales Actual Budget Flexible Volume Static Results Variance Budget Variance Budget Results Variance Budget Variance Budge Units 43,000 43,000 15,000 F Units 43,000 (a) 43,000 15,000 F (g) Sales Revenue S 221,000 221,000 S 27,000 F Sales Revenue $ 221,000 (b) 5 221 000 $ 27.000 F (h) Variable Expenses 90.000 85.000 8,000 U Variable Expenses 90,000 (C) 85,000 8,000 U Contribution Margin 131,000 136,000 19.000 F Contribution Margin 131.000 (d) 136,000 19,000 F Fixed Expenses 107.000 105,000 0 Fixed Expenses 107,000 (e) 105,000 0 (K) Operating Income S 24.000 31,000 $ 19,000 F Operating Income 24,000 $ 31.000 5 19,000 F Choose from any list or enter any number in the input fields and then click Check Answer Print Done 2 parts remaining Clear Al