Bryant Company's budgeted prices for direct materials, direct manufacturing labour, and direct marketing (distribution) labour per attaché case are $41, $9, and $14, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Direct materials Direct manufacturing labour Direct marketing (distribution) labour $ 407,800 $ 95,000 141,200 Variance 442,800 $ 35,000 F 97,200 151,200 2,200 F 10,000 F Actual output was 9,400 attaché 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. Label each variance as favourable or unfavourable. (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.) Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs Actual Results Flexible-Budget Variance Flexible Budget Sales-Volume Variance Static Budget

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in a…