Johnson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach case are $37, $10, and $11, respectively. The pleased with the following performance report: (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. 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. 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 Results Flexible-Budget Variance Flexible Budst U 10,400 Output units Direct materials Direct manufacturing labor Direct marketing labor Total direct costs 10,400 $ 386,800 111,500 115.000 $ 614,200 this Etext pages Get more help. Data table Actual Costs Static Budget Variance Direct materials $ 386,000 $ Direct manufacturing labor 111,500 421,800 114,000 Direct marketing (distribution) labor 115,000 125,400 $35,000 F 2.500 F 9.500 F Print Done