i Data Table Static Budget (1,025 recliners) Actual Results (1,005 recliners) Sales (1,025 recliners x S 515 each) S 527,875 (1005 recliners x S 490 each) 492,450 Variable Manufacturing Costs (6.150 yds. @ s 8.50 /yd.) (6,300 yds. $ 8.30/yd) (10 250 DLHr S 9.30 DLHr) (9 850 DLHr @s 9.40/DLHr) 6.150 yds. @5 5 10/ yd) (6 300 yds. $ 6.50 /yd.) Direct Materials 52.275 52,290 Direct Labor 95,325 92,590 Variable Overhead 31.365 40,950 Data Table Variable Manufacturing Costs: (6.150 yds @ S 8501 yd) (6.300 yds. @ s 8.30/ yd) (10 250 DLHr 9.30/DLHr) (9 850 DLHr s 9.40 /DLHr) (6.150 yds @ s 5.10/yd) (6,300 yds. @s 6.50/yd.) Direct Materials 52,275 52,290 Direct Labor 95,325 92,590 Variable Overhead 31,365 40,950 Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit 62,730 241,695 286.180 S 64.730 250,560 241.890 Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Rounid budget amounts per unit to the nearest cent) White Recliners Flexible Budget Budget Amounts per Unit Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs choose trom any ist or enter any number in the mput helds and then continue to he next question Read the requirements per UiI Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Choose from any list or enter any number in the input fields and then continue to the next is used AC actual cost, AQ actual quantity, FOH each Direct (U) (Round your answers to the AQ Now compute the variable identify whether each variance is variances. Select the required formulas, compute the variable ove (U) (Round your answers to the nearest whole dollar overhead cost and efficiency AC actual cost, AQ actual quantity, FOH fxed overhead, SC standard cost, SQ standard quantity, VOH-variable overhead) Formula Va VOH cost variance Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the fixed over whether each variance is favorable (F) or unfavorable (U) (Round your answers to used: AC actual cost: AQ actual quanitity. FOH fxed overhead SC standard cost, SQ standard quantity ) FOH cost variance Choose from any list or enter any number in the input fields and then continue to the next question actual quantity FOH fixed overhead, SC standard cost, SQ - standard quantity) FOH cost v t 3