Jackson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $41, $9, and $14, respectively. The president is pleased with the following performance report: (Click the icon to view the performance report.) Actual output was 9,400 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. Prepare a revised performance report that uses a flexible budget and 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 Variance Results Flexible Budget 9,400 9,400 U $ 408,800 U Output units Direct materials Direct manufacturing labor Direct marketing labor 95,400 - U 142,200 U $ Total direct costs 646,400 U Data table Direct materials Direct manufacturing labor Direct marketing (distribution) labor Actual Costs Static Budget Variance $ 408,800 $ 442,800 $34,000 F 95,400 97,200 1,800 F 142,200 151,200 9,000 F Print Done