Question Viewer McKnight 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 (FyUnfavorable (U) input blank.) Mcknight Pro Company Flexible Budget Performance Report Sales Volume Static Budget Units For the Year Ended July 31, 2018 Flexible Actual Budget Flexible Results Variance Budget 39,000 39,000 217,000 217,000 $ 83,000 77,000 134,000 140,000 110,000 107.000 24,000 33,000 $ Variance 7.000 F 24,000 F 7,000 U $ Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income 17,000 F 0 17,000 F Help Me Solve This DemoDocs Example Get More Help Clear All Check Answer dtv RA A ata Table McKnight Company Flexible Budget Performance Report For the Year Ended July 31, 2018 Flexible Sales Actual Budget Flexible Volume Results Variance Budget Variance 39,000 (a) 39,000 7,000 F 217.000 (b) $ 217,000 $ 24,000 F 83,000 (c) 77,000 7,000 U 134,000 (d) 140,000 17,000 F 110,000 (e) 107.000 0 24,000 0 33,000 $ 17,000 F Static Budget (9) Units Sales Revenue (h) Variable Expenses Contribution Margin Fixed Expenses 0 0 (k) Operating Income Print Done moDocs Example Get More Help Clear All Nv M A @9 MacBook Air