Juda Recliners manufactures leather recliners and uses fexible budgeting and a standard cost system. Juda allocates overhead based on yards of direct materials. The company's performance report includes the following selected data Click the icon to view the selected data) Read the trainements Data Table Requirement 1. Prepare a fexible budget based on the actual number of recliners sold (Rou Juda Recliners Flexible Budget Budget Amounts per Unit Actal Units Racing) Static Budget (975 recliners) 4 92,375 Actual Results 1955 recliners) (975 recliners x $ (955 recliners x $ 505 each) S 495 each) 472.725 Variable Manufacturing Costs Direct Materials 49,725 49,00 Direct Labor 90 675 Sales Revenue Variable Manufacturing Costs Direct Mais Direct Labor Variable Overhead Fixed Manufacturing Costs: (5.850 yds @ $ 6.50/yd) (5.987 yds 5 8.30/yd) (9.750 DLHOS 9.30 / DLH) (9,350 DLH @ $ 9.50 / DLH) (5.850 yds @ $ 5.30 / yd) (5.987 yds @ $6.70/yd) 88,825 Variable Overhead 31.005 40,113 Fund Overhead 60.255 Fixed Manufacturing Costs Faed Overhead Total Cost of Goods Sold Gross Profit 62,256 240 ABS Total Cost of Goods Sold 231,660 Gross Profit 280,715 $ 231.840