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

Preston Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Preston allocates overhead based on 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) Preston Recliners Flexible Budget Budget Amounts per Unit 980 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: $ 510.00 510,000 52 in Sunnl A Data Table Static Budget (1,000 recliners) $ 510,000 Actual Results (980 recliners) 485,100 53,400 53.444 Sales (1,000 recliners x $ 510 each) (980 recliners x $ 495 each) Variable Manufacturing Costs: Direct Materials (6,000 yds @ $ 8.90 / yd.) (6,143 yds @ $ 8.70 / yd.) Direct Labor (10,000 DLHO @ $ 9.30 / DLHR) (9,600 DLH @ $ 9.50 / DLH) Variable Overhead (6.000 yds @ $ 5.20/yd. (6,143 yds @ 5 6.60 / yd.) Fixed Manufacturing Costs: 93,000 91,200 31,200 40,544 62 Print Done 0 Data Table camerU,) 485,100 53.400 53,444 93,000 (980 recliners x $ 495 each) Variable Manufacturing Costs: Direct Materials (6,000 yds @ $ 8.90 / yd.) (6,143 yds @ $ 8.70/yd.) Direct Labor (10,000 DLHO @ $ 9.30 / DLHR) (9,600 DLHr@ $ 9.50 / DL.Hr) Variable Overhead (6,000 yds, @ $ 5.20 / yd.) (6,143 yds @ $ 6.60 / yd.) Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold 91,200 31,200 40,544 60,600 238,200 271,800 $ 62,600 247 788 237,312 $ Gross Profit Print Done