Carlson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $44, $7, and $13, respectively. The president is pleased with the following performance report: F: (Click the icon to view the performance report.) Actual output was 10,400 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. .. a 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 Flexible-Budget Variance Budget Results 10,400 Data table Output units Direct materials $ 465,600 Direct manufacturing labor Direct marketing labor 77,300 137,700 Actual Costs Static Budget $ 465,600 $ 501,600 77,300 79,800 137,700 148,200 Variance $36,000 F 2.500 F Direct materials Direct manufacturing labor Direct marketing (distribution) labor Total direct costs $ 680,600 10,500F Print Done