can you explain each stop please
Homework Assignments (Exerc X Do Homework - Rawa Jakkou X Course Hero X + C mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667848&questionld=1&flushed=false&cld=6253128¢erwin=yes Apps YouTube 9 Maps = News M Gmail zoon.us C My Devices | Che... Settings - Security Acct 1090 - Prof. Edwards - Late Start Fall 2020 Rawa Jakkou & | 10/29/20 9:29 PM Homework: Week Six: Homework Mastery Problem Chapter 6 (mana Save Score: 0 of 8 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 8 pts PM6-26A (similar to) Question Help Stenback Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Stenback allocates overhead based on yards of direct materials. The company's performance report includes the following selected data: (Click the icon to view the selected data.) Read the requirements. Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent.) Stenback Recliners Flexible Budget i Requirements - X Budget Amounts per Unit 1. Prepare a flexible budget based on the actual number of recliners sold. Actual Units (Recliners) 2. Compute the cost variance and the efficiency variance for direct materials Sales Revenue and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed Variable Manufacturing Costs: overhead volume variances. Round to the nearest dollar. Direct Materials 3. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Direct Labor 4. Describe how Stenback's managers can benefit from the standard costing Variable Overhead system. Fixed Manufacturing Costs: Fixed Overhead Print Done Total Cost of Goods Sold Enter any number in the edit fields and then click Check Answer. ? parts 6 remaining Clear All Check AnswerHomework Assignments (Exerc X Do Homework - Rawa Jakkou X Course Hero X + C mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667848&questionld=1&flushed=false&cld=6253128¢erwin=yes Apps YouTube 9 Maps = News M Gmail zoon.us C My Devices | Che... Settings - Security Acct 1090 - Prof. Edwards - Late Start Fall 2020 Rawa Jakkou & | 10/29/20 9:30 PM Homework: Week Six: Homework Mastery Problem Chapter 6 (mana Save Score: 0 of 8 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 8 pts PM6-26A (similar to) Question Help Stenback Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Stenback allocates overhead based on yards of direct materials. The company's performance report includes the following selected data: (Click the icon to view the selected data.) Read the requirements. Requirement 1. Prepare a flexible budget based on the actual number of recliners sold i Data Table - X Stenback Recliners Flexible Budget Budget Static Budget Actual Results Amounts (1,025 recliners) (1,005 recliners) per Unit Sales (1,025 recliners x $495 each) $ 507,375 (1,005 recliners x $480 each) $ 482,400 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Variable Manufacturing Costs: Direct Materials (6, 150 yds. @ $8.50 / yd.) 52,275 (6,300 yds. @ $8.30 / yd.) 52,290 Direct Materials Direct Labor (10,250 DLHr @ $11.80 / DLHr) 120,950 Direct Labor 117,215 Variable Overhead (9,850 DLHr @ $11.90 / DLHr) 31,365 Fixed Manufacturing Costs: Variable Overhead (6,150 yds. @ $5.10 / yd.) (6,300 yds. @ $6.50 / yd.) 40,950 Fixed Overhead Fixed Manufacturing Costs: Total Cost of Goods Sold Fixed Overhead 62,730 64,730 Total Cost of Goods Sold 267,320 275,185 Enter any number in the edit fields and then click Check Answer. $ 240,055 $ 207,215 ? Gross Profit parts 6 Check Answer remaining Print Done
