Carlson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are 544, 59, and $14, respectively. The president is pleased with the following performance report (Click the icon to view the performance report) Actual output was 8,800 attach cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. CILD Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label) Actual Flexible-Budget Variance Results Flexible Budget 8,800 Output units U Direct materials $ 403,500 U Direct manufacturing labor 87,000 U Direct marketing labor 130,500 U $ 621,000 U Total direct costs was 8,800 attach cases. Assume all three direct-cost items above are variable costs. nt's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Data table sed as ctu ng sts - X flexib the va Actual Costs Static Budget Variance Direct materials $ 403,500 $ 440,000 $36,500 F Direct manufacturing labor 87,000 90,000 3,000 F Direct marketing (distribution) labor 130,500 140,000 9,500 F Print Done