Cole Recliners manufactures leather recies and Bick the contehed) ble budgeting and a standard cont system Cole alocates overhead based on yards of direct the company's performance report includes the following selected dute Read the movies Requirement 1. Prepare a fewbie budget based on the actual uber ofreciend Round budget amounts per un to the nearest cent) Cole Recliners Flexible Budget Data Table Budget Static Budget 975 recliners) Actual Results (955 recliners) $ 482,625 1975 recliners S65 (955 recliners $ 495 each) 472.725 Variable Manufacturing Costs Direct Materials 51,480 Actual Units (Recliners) Sales Revenge Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fred Manufacturing Cost: Foed Overhead Total Cost of Goods Solid Direct Labor 91.650 15,850 yds 5 8.80/yd.) (5,987 yds @ $ 8.60 / yd) (9.750 DLHOS 40DL (9.350 OH @ $9.60 ) (5.850 yds 55.30 ) 15.987 yds 5 6.70/yd) 8.750 Variable Overhead 31,005 Gross Pro Fixed Manufacturing Costs Found Overhead Total cost of Goods Sold Enter any number in the edities and then click Check Answer Grosse