The budgeted prices for materials and direct labor per unit of finished product are $8 and $7, respectively. The production manager is delighted about the following data: (Click the icon to view the data.) 1. Is the managers happiness jusifted? Prepare a report that might provide a more detailed explanation of why the static budget was not achieved. Good output was 5,300 units. Enter all amounts as positive numbers. For variances with a zero balance, make sure to enter "Ot in the appropriate field. if the variance is zero, do not select a label.) Sales- Actual Results at Actual Prices Flexible- Budget Variances Flexible Budget Activity Static Budget Physical units Direct materials Direct labor Total Is the manager's happiness justfied? The manager's delight is The manager Data Table Static Budget Actual Costs Variance Direct materials Direct labor 59,200 S 51,800 49,900 $ 9,300 F 12,600 F Print Done Choose from any list or enter any number in the input fields and then continue to the next