White Pro Company managers received the following 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

Output units Sales revenue Variable costs Fixed costs Total costs Operating income WHITE PRO COMPANY Income Statement Performance Report Year Ended July 31, 2011 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Static (Master) Budget Actual Prices Variance Output Units Variance 7,000 F 41,000 41,000 215,000 215,000 19,000 F 79,000 9,000 U 85,000 107,000 101,000 9,000 U 192,000 180,000 23,000 35,000 10,000 F