Preston Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Preston allocates overhead based on yards of direct materials. The company's performance report includes the following selected data:

Preston Recliners manufactu eather recline nd uses flexi e budgeting and a andard cost system eston allocates overhead based on yards o ect materials. The company's performance reportincludes the following selected data rs a (Click the icon to view the selected data.) Read the reguirements Requirement 1. Prepare a ble budget based on the actual number ofrecliners sold. Round budget amounts per unit to the nearest cent. a Preston Recliners Data Table Flexible Budget Budge Amounts Static Budget Actual Results per Unit 000 recliners 980 recliners Actual Units (Recliners) 500,000 Sales 1,000 recliners x 500 each Sales Revenue 465,500 980 recliners x 475 each Variable Manufacturing Costs Variable Manufacturing Costs: Direct Materials Direct Materials (6,000 yds 8.50/yd. 51.000 Direct Labor (6,143 yds 8.30/yd. 50,987 Variable Overhead 10.000 DLHr 9.30/DLH) 93.000 Direct Labo Fixed Manufactunng Costs: 9,600 DLHr 9.50/ DLH) 91,200 Fixed Overhead (6,000 yds 5.20/yd. Variable Overhead 31,200 Total Cost of Goods Sold (6,143 yds 6.60/yd. 40,544 Gross Profi Fixed Manufacturing Costs 62,600 60,600 Fixed Overhead Total Cost of Goods Sold 235.800 245.33 264,200 220,169 Gross Profit Print Done