E24-3 Beach Blanket Company managers received the following incomplete performance report: Output units.. Sales Revenue Variable expenses. Fixed expenses Total expenses. Operating income. BEACH BLANKET COMPANY Income Statement Performance Report Year Ended July 31, 20X3 Flexible: Actual Budget Results Flexible for Actual Sales at Actual Prices Budget Variance Number of Volume Static (Master) Output Units Variance Budget 24,000 $192,000 85.000 104,000 189.000 24,000 $192,000 80,000 4,000 F $32,000 F -0- $ 3.000 20,000 U 100.000 180,000 20,000 U $ 12,000 $12,000 F Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasons.