Smith Pro 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.) Smith Pro Company Flexible Budget Performance Report For the Year Ended July 31, 2016 Flexible Budget Variance Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income $ $ Actual Results 38,000 213,000 81,000 132,000 110,000 22,000 Flexible Budget 38,000 $ 213,000 $ 77,000 136,000 107,000 $ CHIZERS 29,000 $ Sales Volume Variance 4,000 F 17,000 F 1,000 U 16,000 F 0 16,000 F Static Budget

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