Joe Boxer Company€™s 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 reasons.

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JOE BOXER COMPANY Income Statement Performance Report Year Ended July 31 Actual Results Flexiblefor Actual Flexible Budget Sales Static at ActualNumber f Volume (Master) Prices Vriance Output Units Variance Budget 36,000 4,000 F |$24,000 FI 9,000 U Output units Sales revenue Variable expenses Fixed expenses Total expenses Operating income 36,000 $216.000 | 2 | 5216.000 84,000 106,000 190,000 81,000 100,000 181,000 | 9,000 UI ? $ 26.000 2 I s 35,000 |$15,000 FI