1. Prepare a flexible budget based on the actual number of recies sold 2. Computetcost variance and the eficiency variance for direct materials and for direct labor. Formularing overhead, compute the variable overhead con variatie overfladeficiency, fed overhead cost and find overhead volume varices Round to the nearest dollar 3. Have Root's managers done a good job or a poor jobcentraling materials Dr, and overhead Co? Why? 4. Desorbehow Root's managers can benefit from the standard costing wym Requirement 1. Prepare a flessible budget based on the actual num Root Recliners Flexible Budget Budget Amounts per Unit 980 510 499300 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Fored Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Gross Profit 50600 Enter any number in the edit fields and then click Chick Answer. Text Pages Calculator . I. 100 000 1. 2. Prepare a flexible budget based on the actual number of recliners sold. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Root's managers can benefit from the standard costing system. 3. 4. Requirement 1. Prepare a flexible budget based on the actual num Root Recliners Flexible Budget Budget Amounts per Unit Actual Units (Recliners) 980 Sales Revenue 510 499800 Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead 60600 Total Cost of Goods Sold Gross Profit Enter any number in the edit fields and then click Check Answer. e Text Pages Calculator Static Budget (1,000 recliners) 510,000 Actual Results (980 recliners) 485,100 53,400 Sales (1,000 recliners x $510 each) (980 recliners x $495 each) Variable Manufacturing Costs: Direct Materials (6,000 yds. @ $8.90 / yd.) (6.143 yds. @ $8.70 /yd.) Direct Labor (10,000 DLHr@ $11.20 / DLHr) (9,600 DLHr@ $11.40 / DLHr) Variable Overhead (6,000 yds. @ $5.20 / yd.) (6,143 yds @ $6.60 / yd.) Fixed Manufacturing Costs: 53,444 112,000 109.440 31,200 40,544 Fixed Overhead 60.600 62,600 Total Cost of Goods Sold 257 200 266,028 Gross Profit 252,800 $ 219,072 Print Dane