Jackson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $42, $8, and $15, respectively. The president is pleased with the following performance report: ?(Click the icon to view the performance report.) Actual output was 9,600 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 S0 balance, field. If the variance is zero, do not select a label.) make sure to enter "O" in the appropriate Actual Flexible-Budget Flexible Sales-Volume Static Results Variance Budget Variance Budget Output units Direct materials Direct manufacturing labor Direct marketing labor Total direct costs Is the president's pleasure justified