(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. 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.) Is the president's pleasure justified? The existing performance report is a The existing performance report shows a variance shows each direct cost category to have a(n) cost item than was budgeted, or the use of analysis, based on a static budget. It makes total direct cost variance of variance indicating direct cost items than was budgeted, or both. for changes in output levels. The flexible-budget efficient use of each direct (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. 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.) Is the president's pleasure justified? The existing performance report is a The existing performance report shows a variance shows each direct cost category to have a(n) cost item than was budgeted, or the use of analysis, based on a static budget. It makes total direct cost variance of variance indicating direct cost items than was budgeted, or both. for changes in output levels. The flexible-budget efficient use of each direct