Carlson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $41, $8, and $15, respectively. The president is pleased with the following performance report: (Click the icon to view the performance report.) Actual output was 9,200 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. 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 "O" in the appropriate field. If the variance is zero, do not select a label.) Actual Results Output units i X Data Table Direct materials Direct manufacturing labor M Direct marketing labor Actual Costs Static Budget Variance Total direct costs Direct materials 392,400 $ 426,400 $34,000 F Direct manufacturing labor 81,000 83,200 2,200 F Direct marketing (distribution) labor 147,000 156,000 9,000 F Print Done Enter any number in the edit fields and then click Check Answer. 5 parts remaining Clear All Check