Morton Recliners manufactures leather recliners and uses flexible 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 (Click the icon to view the selected data.) Read the requirements. Data Table Requirement 1. Prepare a fiexible budget based on the actual number of recliners sold Morton Recliners Static Budget 1,000 recliners Actual Results Flexible Budget Budget Amounts per Unit 980 recliners Sales (1,000 recliners x S 505 each) (980 recliners x S 480 each) 505,000 470,400 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Variable Manufacturing Costs: Direct Materials (6,000 yds.$ 8.60/yd.) (6,143 yds.$ 8.40 /yd.) (10,000 DLHr$ 9.20 DLHr) (9,600 DLHrS 9.30DLHr) (6,000 yds. 5.20 yd.) (6,143 yds. 6.60 /yd.) 51,600 51,601 Direct Materials Direct Labor Variable Overhead Direct Labor 92,000 89,280 31,200 Variable Overhead 40,544 Fixed Manufacturing Costs: Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit 60,600 235.400 269,600 62,600 244,025 226,375 Fixed Overhead Total Cost of Goods Sold Gross Profit Print Done Enter any number in the edit fields and then click Check