Connor Company's budgeted costs for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per computer case are $40, $8 and $12 respectively. The president is pleased with the following performance report: Actual Costs $364,000 78,000 Static Budget $400,000 80,000 Variance $36.000 F 2,000 F Direct Materials Direct Manufacturing Labor Direct Marketing (distribution) Labor 110,000 120,000 10,000 F Actual output was 8.800 cases. Assume all three cost items are variable. Is the president's pleasure justified? Prepare a revised flexible budget for 8.000.8.800 and 10.000 cases using the framework below. Fixed Costs are budgeted to be $100,000 and actual Fixed Costs are $103,000. Prepare a Flexible Budget, for Connor Company, similar to the one done in the notes for 8,000 8,800 and 10,000 computer cases. Use a format similar to the one suggested below: Resource Per Unit costs 8,000 8,800 10,000 Actual Costs (Ctrl