can Small Talk's managel P8-26A Preparing a flexible budget computing standard cost variances Kyler Recliners manufactures leather recliners and uses flexible budgeting anda standard cost system. Kyler allocates overhead based on yards of direct materials, The company's performance report includes the following selected data: arning Objectives 1, 3, 4 2. VOH Eff. Var. $1,377 U Actual Results tar ts thu+ Static Budget (1,005 recliners) (1,025 recliners) $507,375 (1,025 recliners x $495 each) Sales $ 487,425 (1,005 recliners x $485 each) Variable Manufacturing Costs: (6,150 yds.@ $8.90/yd.) (6,300 yds.@ $8.70/yd.) 10,250 DLH$9.00/DLHr) 54,735 Direct Materials 54,810 92,250 Direct Labor 89,635 (9,850 DLHr @ $9.10/DLHr) 31,365 (6,150 yds.@ $5.10/yd.) Variable Overhead (6,300 yds.@ $6.50/yd.) 40,950 Fixed Manufacturing Costs: 62,730 64,730 250,125 Fixed Overhead Total Cost of Goods Sold 241,080 Gross Profit $ 237,300 $ 266,295