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Murphy Company managers received the following incomplete performance report: (Click the icon to view the incomplete performance report.) Complete the performance report. Identify the
Murphy 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 "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Murphy Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Flexible Actual Results Budget Flexible Sales Volume Static Variance Budget Variance Budget Units 35,000 35,000 5,000 F Sales Revenue $ 219,000 $ 219,000 $ 27,000 F Variable Expenses 85,000 84,000 13,000 U Contribution Margin 134,000 135,000 14,000 F Fixed Expenses 105,000 100,000 0 Operating Income $ 29,000 $ 35,000 $ 14,000 F Data table Murphy Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Flexible Actual Results Units Budget Variance 35,000 (a) Sales Flexible Volume Budget Variance Static Budget 35,000 5,000 F (g) Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income $ 219,000 (b) $ 219,000 $27,000 F (h) $ 85,000 (c) 134,000 (d) 105,000 (e) 29,000 (f) 84,000 13,000 U 135,000 100,000 (1) 14,000 F (k) $ 35,000 $ 14,000 F (1) Print Done
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