Juda Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Juda allocates overhead based on yards of direct materials. The companys performance report includes the following data:

Data Table - X Static Budget Actual Results (1,025 recliners) (1,005 recliners) Sales (1,025 recliners x $ 500 each) $ 512,500 (1,005 recliners x$ 490 each) 492,450 Variable Manufacturing Costs (6,150 yds.@$ 8.50/ yd.) (6,300 yds@ $ 8.30/yd.) Direct Materials 52,275 52,290 (10,250 DLHr@ $ 9.30/DLHr) 95,325 Direct Labor (9,850 DLHr@ $ 9.50 /DLHr) 93,575 (6,150 yds. @ $ 5.10/yd) (6,300 yds @ $6.50/yd.) 31,365 Variable Overhead o950 Fixed Manufacturing Costs: 64,730 62,730 Fixed Overhead 251,545 241,695 Total Cost of Goods Sold 270,805 S 240 905 Gross Profit rl Print Done Requirements Prepare a flexible budget based on the actual number of recliners sold 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 efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 1. 2. Have Juda's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Juda's managers can benefit from the standard costing system 3. 4. Done Print