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Rouse Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Rouse allocates overhead based on yards of direct materials. The company's performance report includes the followin selected data Click the icon to view the selected data) Read the requirements Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent.) Rouse Recliners Static Budget (975 recliners) Actual Results Flexible Budget (955 recliners) Budget Amounts per Unit Sales (975 reclinersx $ 510 each) S (955 recliners x $ 480 each) 497.250 458,400 Variable Manufacturing Costs Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials (5,850 yds.$ 8.60/yd.) (5,987 yds.S 8.40 /yd.) 9,750 DLHr@s 9.40/DLHr) 9.350 DLHr@$ 960/DLHr) (5,850 yds.$ 5.30/yd.) (5,987 yds.S 6.70 /yd.) 50,310 50,291 Direct Labor 91,650 Direct Materials Direct Labor Variable Overhead 89,760 Variable Overhead 31,005 40,113 Fixed Manufacturing Costs Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Gross Profit Fixed Overhead Total Cost of Goods Sold Gross Profit 60,255 233,220 264,030 S 62,255 242,419 215,981