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Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) fabor...

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Accounting

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Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) fabor per attache case are $42,$7, and $15. respectively. The president is pleased with the following performance report (Cick the icon to view the pertormance report) Actual output was 10,000 attach cases. Assume all three direct-cost items above are variable costs. Requirement Is the presidents pleasure justified? Prepare a revised performance report that uses a fexible budget and a stabc 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. Label each variance as favorable (F) or unfavorable (U). (For variances with a 50 balance, make sure to enter "O" in the appropriate field If the variance is zoro, do not select a label.) Data table

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