Rattan Company's managers received the followmg incomplete performance report: E (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 critictsm, Give your reasons, Complete the performance report, (For accounts with a zero balance, make sure to enter "0" in the appropriate cell. Label each variance as favourable (F) or unfavourable {u}. If the variance is zero, do not select a label.) Rattan Company Income Statement Performance Report Year Ended July 31 Output units Sales revenue Variable expenses Fixed expenses Total expenses Operating income Actual Results at Actual Prices 39,000 Flexible Budget Variance Flexible Budget for Actual Number of Output Units Sales Volume Variance Static (Master) Budget 221,000 221,000 $ 7,000 P 25,000 F 53,000 108,000 6,000 u 0 101,000 6,000 u 30,000 372000 $ 19,000 F - X Incomplete performance report Rattan Company Income Statement Performance Report rab Year Ended July 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Static (Master) Actual Prices Variance Output Units Variance Budget Output units 39,000 ? 39,000 7,000 F $ 2 Sales revenue $ 221,000 ? 221,000 $ 25,000 F Variable expenses 83,000 81,000 6,000 U Fixed expenses 108,000 103,000 -0- Total expenses 191,000 184,000 6,000 U $ 30,000 $ 37,000 $ 19,000 Operating income F Print Done