Complete the performance report. Identify the employee group that may deserve praise and the group...

Preparing an income statement performance report Stenback Pro Company managers received the following incomplete performance report:

STENBACK PRO COMPANY Income Statement Performance Report Year Ended July 31, 2012
Â	Actual Results at Actual Prices	Flexible Budget Variance	Flexible Budget for Actual Number of Units Sold	Sales Volume Variance	Static (Master) Budget
Output units	39000	-	39000	3,000F	-
Sales revenue	218000	-	$218000	$ 27,000F	-
Variable expenses	84,000	-	81,000	10,000 U	-
Contribution margin	$ 134,000	-	$ 137,000	$ 17,000 F	-
Fixed expenses	108,000	-	101,000	0	-
Operating income	$ 26,000	-	$ 36,000	$ 17,000 F	-

Requirement

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