Data table report includes the following selected data: click the icon fo vew the selected data.) Rest the teguirements Requirement 1. Prepare a fexble budget based on the actual number of recliners sold, (Round budget amounts per unit to the rearest cent) efficiency, fixed overhesd cost, and fised oyeihead volume variances. Round to the fearest dollar. eficiency, fixed overhead cost, and fixed overthead volume variances. Foound to the nearest dollar. standard quantify, YOH = yariatie tivethead) quafiticy,) Now compute the fixed overiead cost and volume variances. Select the required formulas, compute the fixed overhead cost and volume variances, and identely whecher each variance is tavorable (F) or unfavorable (U) (Round your answers to the nearest whole dollat, Abbereviatians used: AC= actual cost; AQ a actual quantity; FOH = fixed overthead, SC = standard cost, SQ = standard Requirement 3. Have Rouse's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Requirement 4. Describe how Rouse's managers can beneft trom the standard costing systom