Mcknigh Recliners marnuactures leather cecliners and uses flewole budouting and inchudes the lolowing sclected data (Gick, the icon to view the selocted data.) Read the Eequitementy Requirement 1. Prepare a fewible budget based on the actual number of recinvts Requirements 1. Piepare a flecble budget based on the ichual eumber of reclente sold 2. Compute the cost varance and the efficiecy vatiance for drect materalt and fer diect ubor. Fee mandacturing overtiead computo the variobit ovelload cest variable overbead efficiency, foced overbead cost, and foene oyehled volume viriances. Pornd to lle neare t delar 3. Have Mctnight's managens done a good job or a poor job controlliog materlak, laber, and oveihead cots? Wey? 4. Desciter fisw Mokolghis managers can benefit froen the atandard costing sakim Mcknigh Recliners marnuactures leather cecliners and uses flewole budouting and inchudes the lolowing sclected data (Gick, the icon to view the selocted data.) Read the Eequitementy Requirement 1. Prepare a fewible budget based on the actual number of recinvts Requirements 1. Piepare a flecble budget based on the ichual eumber of reclente sold 2. Compute the cost varance and the efficiecy vatiance for drect materalt and fer diect ubor. Fee mandacturing overtiead computo the variobit ovelload cest variable overbead efficiency, foced overbead cost, and foene oyehled volume viriances. Pornd to lle neare t delar 3. Have Mctnight's managens done a good job or a poor job controlliog materlak, laber, and oveihead cots? Wey? 4. Desciter fisw Mokolghis managers can benefit froen the atandard costing sakim