Wooten Company manufactures book bags and has provided the following information for June 2024 Click the icon to view the information) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 8,000 units) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? 5 Requirement 1. Prepare a flexible budget performance report. (Hint You will need to calculate the flexible budget amounts for 8,000 units.) (Enter a "0" for any zero balances. For any so variances, leave the Favorable (F/Unfavorable (U) input blank. Enter all amounts as positive values) Wooten Company Flexible Budget Performance Report For the Month Ended June 30, 2024 1 2 3 4 5 (3) (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 8000 8000 9000 Sales Revenue Vorlable Expenses Contribution Margin Fed Expenses Operating income Choose from any list or enter any number in the input fields and then continue to the next question Click the icon to view the information) quirements Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 8,000 units) As the company owner, which employees would you praise or criticize after you analyze this performance report? axed Expenses Operating Income Requirement 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? O A. The sales volume variance for operating income could be due to the effectiveness of the sales staff, or it could be due to a long period of snow that made it difficult for employees to get to work, bringing work to a standstill To encourage sales, the sales staff should be praised and to encourage higher production levels, the manager of the production department should be criticized B. The sales volume variance for fixed costs most likely is a result of delaying a scheduled overhaul of equipment that altered the fixed expenses in the short term but will increase the company's costs in the long run. Since the engineering department is responsible for fixed costs, the manager of that department would be praised if the variance is unfavorable or criticized if the variance is favorable. oc. More information is needed to determine which employees to praise or criticize. As the company owner, you should determine the causes of the variances before praising or criticizing employees. It is especially important to determine whether the variance is due to factors the managers can control Wise managers use variances to raise questions and direct attention, not to fix blame OD. The flexible budget variance for fixed costs is most likely due to a change in a cost such as insurance premiums Since the production department is responsible for fixed costs, the manager of that department would be praised if the variance is unfavorable or criticized if the variance is favorable Choose from any list or enter any number in the input fields and then continue to the next question Data Table Units Actual Results Static Budget 8,000 9,000 $ 123,500 $ 135,000 89,500 99,000 Sales Revenue this perfc ar Variable Expenses Contribution Margin Fixed Expenses 34,000 23,500 36.000 25,000 W al aff, or it co till. To eng production $ 10,500 $ 11,000 Operating Income vai expel oon Vari of equipme Since the e variance is Print Done is nee Company manufactures book bags and has provided the following information for June lick the icon to view the information) rements repare a flexible budget performance report (Hint You will need to calculate the flexible b s the company owner, which employees would you praise or criticize after you analyze this Expenses rating Income Flexible Budget Variance Sales Volume Variance Static Budget Variance equirement 2. As the company owner, which employees would you praise or criticize after you a A. The sales volume variance for operating income could be due to the effectiveness of the sa a long period of snow that made it difficult for employees to get to work, bringing work to a the sales staff should be praised and to encourage higher production levels, the manager o should be criticized O B. The sales volume variance for fixed costs most likely is a result of delaying a scheduled ove altered the fixed expenses in the short term but will increase the company's costs in the long department is responsible for fixed costs, the manager of that department would be praised or criticized if the variance is favorable Oc. More information is needed to determine which employees to praise or criticize As the comp determine the causes of the variances before praising or criticizing employees. It is especiall whether the variance is due to factors the managers can control Wise managers use variant direct attention, not to fix blame OD. The flexible budget variance for fixed costs is most likely due to a change in a cost such as in the production department is responsible for fixed costs, the manager of that department wou is unfavorable or criticized if the variance is favorable. Choose from any list or enter any number in the input fields and then continue to the next quest erformance report (Hint. You will need to calculate the flexible budget amounts for 8 ich employees would you praise or criticize after you analyze this performance report EUWE WYPERX Flexible Budget Performance Report For the Month Ended June 30, 2024 1 2 3 4 5 (1) - (3) Flexible (3) (5) Sales udget mounts Per Unit Actual Budget Flexible Volume Static Results Variance Variance Budget 8000 Budget 9000 8000 F U the company owner, which employees would you praise or criticize after you analyze this performance re ast or enter any number in the input fields and then continue to the next