X Data Table McKnight Company 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 reasoning. Complete the performance report. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) McKnight Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2018 McKnight Company Flexible Budget Performance Report For the Year Ended July 31, 2018 Flexible Sales Actual Budget Flexible Volume Results Variance Budget Variance 37,000 (a) 37,000 8,000 F $ 215,000 (b) $ 215,000 $ 20,000 F Static Budget (g) Units Sales Revenue (h) Flexible Sales 88,000 (c) 78,000 6,000 U (0) Actual Budget Flexible Volume Static Variable Expenses Contribution Margin Results Variance Variance Budget 127,000 14,000 F (d) 137,000 0) Budget 37,000 Units 37,000 8,000 F 0 Fixed Expenses (e) 101,000 (k) 104,000 23,000 $ $ $ Sales Revenue Operating Income (1) $ 36,000 $ 14,000 F (0 20,000 F 6,000 U Variable Expenses Contribution Margin Fixed Expenses 215,000 88,000 127,000 104,000 215,000 $ 78,000 137,000 101,000 14,000 F Print Done 0 $ 23,000 $ Operating Income 36,000 $ 14,000 F 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 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 as well as X Data Table McKnight Company 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 reasoning. Complete the performance report. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) McKnight Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2018 McKnight Company Flexible Budget Performance Report For the Year Ended July 31, 2018 Flexible Sales Actual Budget Flexible Volume Results Variance Budget Variance 37,000 (a) 37,000 8,000 F $ 215,000 (b) $ 215,000 $ 20,000 F Static Budget (g) Units Sales Revenue (h) Flexible Sales 88,000 (c) 78,000 6,000 U (0) Actual Budget Flexible Volume Static Variable Expenses Contribution Margin Results Variance Variance Budget 127,000 14,000 F (d) 137,000 0) Budget 37,000 Units 37,000 8,000 F 0 Fixed Expenses (e) 101,000 (k) 104,000 23,000 $ $ $ Sales Revenue Operating Income (1) $ 36,000 $ 14,000 F (0 20,000 F 6,000 U Variable Expenses Contribution Margin Fixed Expenses 215,000 88,000 127,000 104,000 215,000 $ 78,000 137,000 101,000 14,000 F Print Done 0 $ 23,000 $ Operating Income 36,000 $ 14,000 F 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 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 as well as
