Sultan Company's 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 reasons. Complete the performance report. (For accounts with a zero balance, make sure to enter "O" in the appropriate cell. Label each variance as favourable (F) or unfavourable (U Sultan Company Income Statement Performance Report Year Ended July 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Actual Prices Variance Output Units Variance 43,000 0 43,000 $ 221,000 $ 0 221,000 $ 26,000 F 85,000 6.000 U 79.000 9,000 U 109,000 100,000 0 Static (Master) Budget 33,000 Output units 10,000 F Sales revenue 195,000 Variable expenses 70,000 Fixed expenses 9,000 100,000 Total expenses 194.000 15,000 U 179.000 9.000 U 170,000 $ 27,000 $ 15,000 42,000 $ 17,000 25,000 Operating income U F Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasons. (Leave any unused cells blank.) Marketing may deserve praise for selling more than expected per the master budget. Production may be questioned for incurring more than the budgeted amount of fixed expenses. Production may be questioned for incurring more variable costs than the flexible budget allows for the actual number of outputs. Canter Company's managers received the following incomplete perfomance 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 reasons. Complete the performance report. (For accounts with a zero balance, make sure to enter "0" in the appropriate cell. Label cach variance as favourable (F) or unfavourable (U). If the variance is zero, do not select a label.) Data Table Canter Company Income Statement Performance Report Year Ended July 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Actual Proes Variance Output Units 40.000 40.000 Sales Volume Static (Master) Budget Variance Output units 5.000 F $ 214.000 S 214.000 $ 16,000 F Sales revenue Variable expenses Static (Master) Budget 36.000 112.000 81,000 99.000 160.000 14.000 U 0 Canter Company Income Statement Performance Report Year Ended July 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Actual Prices Variant Output Units Variance 40,000 7 40.000 5,000 S 214,000 7 S 214.000 s 16,000 F 86,000 ? 81.000 14,000 U 112,000 99.000 D 198,000 7 180.000 S 16,000 S 34,000 S 2,000 Fixed expenses 7 Output units Tatal expenses 199 000 7 14.000 u 2,000 3 16 000 $ 34.000 $ Sales revenue Vanable expenses Operating income ? 7. ? Fixed expenses Total expenses 14,000 7. ? Operating income Print Done