Carson Company's budgeted prices for drect mataas, direct manufacturing labour, and disct manating (detribution) labour per attach case are 538, $10 and $15 respectively. The president pleased with the finge report Actual Costs Static Budget Variance Direct materials Direct manufacturing labour Direct marketing (distribution) labour 370.0005 102.200 144,000 405600 $35,000F 104.000 154.000 1.800 F 12,000 F Actual output was 9,400 attach coses Assume at three drect-coat lems above are variable cos Requirement is the presidents pleasure justified? Prepare avised performance report that uses a flexible budget and a static budget Prepare a revised permance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the fexible budget columns and (For variances with a $0 balance, make sure to enter "0" in the approrate fed the variance is res do n c budget columis Label each variance as favours or unfavourable Actual Results Variance Flexible Budget Sales Volume Variance Static Budget Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs is the presidents pleasure sted? The existing performance report is a analysis, based on a static budget. It makes for changes in ouut The existing performance report shows a analyze the in out the amount budge. The pres for each cost category to assist in identifying the Next