Smith Pro Company

Flexible Budget Performance Report

For the Year Ended July $31,2024$

For the Year Ended July $31,2024$

$\backslash$table$[[,,\backslash$table$[[$Actual$],[$Results$]],\backslash$table$[[$Flexible$],[$Budget$],[$Variance$]],,\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Sales$],[$Volume$],[$Variance$]],\backslash$table$[[$Static$],[$Budget$]]],[$Units$,,39,000,,,39,000,4,000F,33000],[$Sales Revenue,$$,220,000,,,220,000$$$,29,000F,],[$Variable Expenses,,$89,000,,,76,000,4,000U,],[$Contribution Margin,,$131,000,,,144,000,25,000F,],[$Fixed Expenses,,$111,000,,,104,000,0,],[$Operating Income,$$,20,000,,,40,000$$$,25,000F,]]$

Paper size

Letter

Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning.

$$ This is reflected in the $(8)$

The employee groups that deserve praise or may be subject to criticism for the total variable expenses flexible budget variance and the total fixed expenses flexible budget variance depends $(9),$ as well as $(10)q,$

$1$: Data Table

$(1)$

$(2)$

$(3)$

F F

$(4)$

$(5)$

$(6)$

F

$(7)$

Human Resource may deserve praise for maintaining low labor costs

$(8)$

Marketing personnel may deserve praise for selling more than expected

favorable sales volume variance

u

u Production may deserve praise for maintaining low variable costs unfavorable static budget variance

$(9)$

only on the fexible production variances

U

$F$

u

$$ on the composition of each these overal variances $-$ production variances versus selling and administrative variances

only on the fexible selling and administrative variances

only on the variable production variances

only on the variable selling and administrative variances

$(10)$ selling price of the units.

the individual variances contributing to each of these.

the individual work ethics.