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Rawa jakou 10/26/203.47 PM Homework: Week Six: Homework Mastery Problem Chapter 6 (mana Score: 0 of 8 pts 1 of 1 completa HW Score: 0%, 0 of 8 pts PM6-26A (similar to) Eestion Help Stenbeck Recliners manufactures teater recliners and uses flexibile budgeting and a standard cost system. Starbuck alocates overhead based on yards of direct materials. The company's performance report includes the following matected data Click the icon to view the selected data) 0 Read the realment Requirement 1. Prepare a feble budget based on the actual number of rectnes sold. (Round budget amounts per unit to the nearest cent) Stenback Recliners Flexible Budget Requirements Budget Amounts per Unit Acta Units Recliners) Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold 1. Prepare a flexible budget based on the actual number of recliners sold 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead eficiency, fred overhead cost and feed Overhead volume variance. Round to the nearest dolar 3. Have Seback's managers done a good job or a poor controlling materials, labor, and overhead costs? Why? 4. Describe how Stenbeck's managers can benefit from the standard costing Print Done Enter any number in the edit fields and then click Check Answer parts remaining Clear Check Answer MacBook Pro 30 88 99 SY @ 2 # 3 $ 4 % 5 a> & 7 8 9 C. T LUI U unu 1 of 1 (0 complete) HW Sca uses flexible budgeting and a standar es the fol Data Table actual number of recliners sold. (Roy Static Budget Actual Results (1,025 recliners) (1,005 recliners) $ 507,375 $ 482,400 52,275 52 290 Sales (1,025 recliners x $495 each) (1,005 recliners x $480 each) Variable Manufacturing Costs: Direct Materials (6,150 yds @ $8.50 / yd.) (6,300 yds. @ $8.30 / yd.) Direct Labor (10,250 DLHr @ $11.80 / DLHr) (9,850 DLHr @ $11.90 / DLHR) Variable Overhead (6,150 yds @ $5.10/yd.) (6,300 yds @ $6.50 / yd.) Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold 120,950 117.215 31,365 40,950 62,730 64,730 267,320 275,185 Gross Profit $ 240,055 $ 207,215 ck Answer Print Done Clear All Check Ans