Jackson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $37, $10, and $10, respectively. The president is pleased with the following performance report: (Click the icon to view the performance report.) Actual output was 10,100 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 $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Variance Budget Data table Results 10,100 Output units Direct materials $ 390,000 113,500 Variance Direct manufacturing labor Direct marketing labor Direct materials 104.000 Actual Costs Static Budget $ 390,000 $ 425,500 113,500 115,000 115,000 $35,500 F 1,500 F 11.000 F $ 607,500 Direct manufacturing labor Direct marketing (distribution) labor Total direct costs 104,000 Print Done Help me solve this Etext pages Get more help er