2 Rouse 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 "O" for any zero balances. For any $0 variances, leave the favorable (F)/Unfavorable (U) input blank.) Rouse Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Flexible Sales Actual Budget Flexible Volume Static Results Variance Budget Variance Budget (1) Units 42,000 42,000 13,000 F (2) Sales Revenue $ 217.000 $ 217,000 $ 21,000 F (3) Variable Expenses 82,000 75,000 5,000 U (4) Contribution Margin 135,000 142,000 16,000 F (5) Fixed Expenses 106,000 103,000 0 (6) Operating Income $ 29,000 $ 39,000 $ 16,000 F Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning. (7) This is reflected in the (8) The employee groups that deserve praise or may be subject to criticism for the total variable expenses flexible budget variance and the total fixed expenses flexible budget variance depends (9) as well as (10) 1: Data Table of 2 3/21/2021. 10:20 AM Static Budget Units Rouse Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Flexible Sales Actual Budget Flexible Volume Results Variance Budget Variance 42,000 (a) 42,000 13,000 F $ 217,000 (b) $ 217,000 $ 21.000 F 82.000 (c) 75,000 5,000 U 135,000 (d) 142,000 16,000 F 106,000 (e) 103,000 0 $ 29.000 (0 $ 39,000 $ 16,000 F (g) Sales Revenue 0 Variable Expenses Contribution Margin Fixed Expenses (k) Operating Income (0) (3) O (4) O (5) (6) OF OU (2) O F OU OU OU OU OU (7) O Human Resource may deserve praise for maintaining low labor costs O Marketing personnel may deserve praise for selling more than expected Production may deserve praise for maintaining low variable costs (8) O favorable sales volume variance O unfavorable flexible budget variances in fixed and variable costs unfavorable static budget variance (9) O only on the flexible production variances O only on the flexible selling and administrative variances O only on the variable production variances O only on the variable selling and administrative variances O on the composition of each these overall variances-production variances versus selling and administrative variances (10) O selling price of the units. O the individual variances contributing to each of these. o the individual work ethics