please complete all requirements :)

(Click the icon to view the selected data.) Read the requirements. Requirement 1. Prepare a flexible budget based on the actual number of recliners Stenback Recliners Flexible Budget Budget Amounts per Unit 980 $ 485,100 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit Enter any number in the edit fields and then click Check Answer. 6 parts remaining Data Table Static Budget (1,000 recliners) $ 495,000 Actual Results (980 recliners) 485,100 51,600 51,601 Sales (1,000 recliners x $495 each) (980 recliners x $495 each) Variable Manufacturing Costs: Direct Materials (6,000 yds. @ $8.60 / yd.) (6,143 yds @ $8.40 / yd.) Direct Labor (10,000 DLHr@ $9.40 / DLHr) (9,600 DL.Hr @ $9.60 / DLHO) Variable Overhead (6,000 yds. @ $5.20 / yd.) (6,143 yds. @ $6.60 / yd.) Fixed Manufacturing Costs: Fixed Overhead 94,000 92,160 31,200 40,544 60,600 62.600 Total Cost of Goods Sold 237,400 246,905 257,600 $ 238,195 Gross Profit Print Done Clear All MacBook Pro g and a standard cost system. Stenback allocates overhead based on yards of direct m Hiners sold. (Round budget amounts per unit to the nearest cent.) - Requirements 1. Prepare a flexible budget based on the actual number of recliners sold. 2. 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. 3. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Stenback's managers can benefit from the standard costing system. Print Done