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Data table Bryant Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (disbibution) labor per attachi case ere \$42, \$6, and 512 , tespectively. The presidert is pleased wath the following perlormance report: Click the icon to view the perlormance report.) Actual output was 9,100 attache cises. Assume all throe cirect-cost itnons above are variabli costs Requirement Is the president's pleasure justfiect. Prepare a revised performance report that usens a flexble budget and a static budget. Prepere a rovised pectormance report that uses a flexible budget and a static budgot. Begin with the actual results, then compiete the flexible budget oolumns and the stabie budget cotumns tabel each variance as favorable (F) or unfavorable (U). (For variances with a 50 baiance, make sure to enter "OC in the appoopriate field, Ir the vaciance is zero, do nof seiect a labiel) Is the president's pieasure justied? The existing performance report is a analysis, based on a state budget it makes for changes in output leveis. The avistion Rartomases rannet storian o Than haviltakitest Is the president's pleasure justified? The existing performance report is a analysis, based on a static budget. It makes for changes in output levels. The existing performance report shows a total direct cost variance of - The flexible-budget variance shows each direct cost category to have a(n) variance indicating efficient use of each direct cost item than was budgeted, or the use of direct cost items than was budgeted, or both