estion list

Smith Recliners manufactures leather recliners and uses mexiole Dud a standard cost system. Smith allocates overhead based on yards of direct materials. The company's performance report includes the following

Data table

$\backslash$table$[[$Sales$,(975$ recliners $x$$$500$ each$),\backslash$table$[[$Static Budget$],[(975$ recliners$)]],\backslash$table$[[$Actual Results$],[(955$ recliners$)]]],[$$$,487,500,],[(955$ recliners $x$$$495$ each$),,,472,725],[$Variable Manufacturing Costs:$],[$Direct Materials,$(5,850$ yds$.$ @ $$8\mathrm{.}60/$ yd$.),,50,310,],[(5,987$ yds$.$ @ $$8\mathrm{.}40/$ yd$.),,,50,291],[$Direct Labor,$(9,750$ DLHr @ $$9\mathrm{.}40/$ DLHr$),,91,650,],[(9,350$ DLHr@$$9\mathrm{.}50/$ DLHr$),,,88,825],[$Variable Overhead,$(5,850$yds$.$ @ $$5\mathrm{.}30/$yd$.),,31,005,],[(5,987$ yds$.$ @ $$6\mathrm{.}70/$ yd$.),,,40,113],[$Fixed Manufacturing Costs:$],[$Fixed Overhead,,$60,255,62,255],[$Total Cost of Goods Sold,,$233,220,241,484],[$Gross Profit,$${?}_{{?}_{?}},254,280,231,241]]$