Morton Recliners manufactures leather recliners and uses exible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. The company's performance report includes the following selected data: EEB (Click the icon to view the selected data.) Read the tequiremets Requirement 1. Prepare a fexble bout based on he actual number of rediners od Rand bud et nur apert he na s cert Morton Recliners Flexible Budget Deta Table Budget Static Budget Actual Results per Unit (1,000 recliners) (980 recliners) (1,000 recliners x $ 505 each) 505,000 Actual Units (Recliners Sales Revenue Variable Manufacturing Costs Sales 470,400 (980 recliners x $ 480 each) Variable Manufacturing Costs 51,600 6.000 yds.$ 860/yd) 8143 yds. $ 8.40/yd.) (10,000 DLHr@ 9 20 / DLHr) (9.600 DLHr @ 9.30 / DLHr) ,000 yd. @ S 520/yd) 0,143 yds. 5 600/yd) 51.60 Direct Materials Direct Labor Variable Overhead Direct Materials 51,601 2 00 31.20 Direct Labor 92,000 89,280 Fixed Manufacturing Costs 60000 31,200 Fixed Overhead Variable Overhead 40,544 Total Cost of Goods Sold Fixed Manufacturing Costs Gross Pretit Fised Overhead otl Cost of Goods Sold Gross Proit 0 800 235,400 269,600 2.800 244025 226,375 Enter any number in the edit flekds and then click Cheok