McKnight Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. McKnight 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.) Data table - RIIULILO per Unit 52,275 52,290 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor 104.550 Variable Manufacturing Costs: Direct Materials (6,150 yds. @ $8.50 / yd.) (6,300 yds. @ $8.30 / yd.) Direct Labor (10,250 DLHr @ $10.20 / DLHr) (9,850 DLHr @ $10.40 / DLHr) Variable Overhead (6,150 yds @ $5.10 / yd.) (6,300 yds. @ $6.50 / yd.) Fixed Manufacturing Costs: 102,440 31,365 Variable Overhead 40.950 Fixed Manufacturing Costs: Fixed Overhead Fixed Overhead 62,730 64.730 Total Cost of Goods Sold Total Cost of Goods Sold 250,920 260,410 $ 237,065 Gross Profit 261,580 $ Gross Profit Etext pages Calculator Print Done McKnight Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. McKnight allocates overhead based on yards of direct materials. The company's performance report includes the following selected data: E: (Click the icon to view the selected data.) - X Data table MINUUTILS per Unit Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Static Budget Actual Results (1,025 recliners) (1,005 recliners) $ 512,500 $ 497,475 52.275 Direct Labor 52,290 Variable Overhead Sales (1,025 recliners x $500 each) (1,005 recliners x $495 each) Variable Manufacturing Costs: Direct Materials (6,150 yds @ $8.50 / yd.) (6,300 yds. @ $8.30 / yd.) Direct Labor (10,250 DLHr @ $10.20 / DLHr) (9,850 DLHr @ $10.40 / DLHr) Variable Overhead (6,150 yds @ $5.10 / yd.) (6,300 yds @ $6.50 / yd.) Fixed Manufacturing Costs: 104,550 Fixed Manufacturing Costs: 102.440 Fixed Overhead 31,365 Total Cost of Goods Sold 40,950 Gross Profit Etext pages Calculator swer Print Done