Exercise Score: 0.36 of 1 pt Assignment Score: 39.44% (0.79 of 2 pts) 2 of 2 complete 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 F (Click the icon to view the selected data.) DE DemoDocs Example Read the requirements eText Pages Stenback Recliners EA Calculator Flexible Budget Ask My Instructor Budget Print Amounts Per Unit Actual Units (Recliners) L Sales Revenue Data Table Variable Manufacturing Costs Static Budget Actual Results Direct Materials Direct Labor 1,000 recliners 980 recliners Variable Overhead Sales (1,000 recliners x 500 each) 500,000 470,400 Fixed Manufacturing Costs (980 recliners x 480 each) Fixed overhead Variable Manufacturing Costs Direct Materials (6,000 yds. $8.70 /yd.) 52,200 Total Cost of Goods Sold 6,143 yds. $8.50 yd.) 52,216 Gross Profit Direct Labor (10,000 DLHr $9.40 DLHr) 94,000 Enter any number in the edit fields, then click Check Answer. (9,600 DLHr $9.60 DLHr) 92,160 Variable Overhead (6,000 yds. $5.20 /yd.) 31,200 6 parts remaining (6,143 yds. $6.60 yd.) 40,544 Fixed Manufacturing Costs 60,600 62,600 Fixed overhead Total Cost of Goods Sold Gross Profit 262,000 222,880 Print Done