Barlow Company manufactures book bags and has provided the following information for June $2024.$

$($Click the icon to view the information.$)$

Requirements

Prepare a flexible budget performance report $($Hint You will need to calculate the flexible budget amounts for $4,000$ units $)$

As the company owner, which employees would you praise or criticize after you analyze this performance report? Favorable $($F$)/$Unfavorable $($U$)$ input blank. Enter all amounts as positive values.$)$

Data table

$\backslash$table$[[,$Actual Results,Static Budget,$],[$Units$,4,000,5,000,],[$Sales Revenue,$$,71,000,85,000],[$Variable Expenses,$21,500,25,000,],[$Contribution Margin,$49,500,60,000,],[$Fixed Expenses,$23,500,25,000,],[$Operating Income,$$,26,000,$$