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

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 Iabor. 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 Roots managers done a good job or a poor job controlling materials. labor, and overhead costs? Wiy? 4. Describe how Root's managers can benefit from the standard costing system. Data Table \begin{tabular}{lc|} & per Unit \\ \hline Actual Units (Recliners) & \\ \hline Sales Revenue \end{tabular} Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold