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7-22 Flexible budget. Bryant Company's budgeted prices for direct materials, direct manufacturing la- bor, and...

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Accounting

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7-22 Flexible budget. Bryant Company's budgeted prices for direct materials, direct manufacturing la- bor, and direct marketing (distribution) labor per attach case are $43, $6, and $13, respectively. The presi- dent is pleased with the following performance report: Direct materials Direct manufacturing labor Direct marketing (distribution) labor Actual Costs $438,000 63,600 133,500 Static Budget $473,000 66,000 143,000 Variance $35,000 F 2,400 F 9,500 F Actual output was 10,000 attach cases. Assume all three direct-cost items shown are variable costs. Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget

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