Fulton Company manufactures book bags and has provided the following information for June 2018: (Click the icon to view the information.) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 11,000 units.) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? (3) - (5) i Data Table Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 11,000 11,000 12.000 Units Sales Revenue $ 17 $ 190,500 $ 3.500 F $ 187.000 $ 17.000 U $ 204,000 Sales Revenue 45,500 1,500 44,000 4,000 F 48,000 Variable Expenses Variable Expenses Contribution Margin 145,000 2.000 F 143.000 13,000 U 156.000 Contribution Margin 16,500 1.500 F 18.000 0 18,000 Fixed Expenses Fixed Expenses 3 128,500 $ 3,500 F 125,000 $ 13,000 $ 138.000 Operating Income Operating Income Actual Results Static Budget 11,000 12,000 190,500 $ 204,000 45,500 48,000 4 145,000 16,500 156,000 18,000 S 128,500 138,000 Print Done Flexible Budget Variance Sales Volume Variance Static Budget Variance Flexible Budget Variance Sales Volume Variance Static Budget Variance any number in the input fields a Flexible Budget Variance Sales Volume Variance Static Budget Variance Clear All S 128.500 5 3.500 TI $ 125,000 $ 13.000 u S 138.000 Fixe Opel AMOUNT votr ? OUNG Oy any number in the input fields and then click Check Answer. Clear All