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 following 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 Flexible Budget Budget Amounts per Unit Actual Units (Recliners) 980 Sales Revenue 500 490000 Variable Manufacturing Costs: Direct Materials 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 per Unit 980 500 490000 Sales (1,000 recliners x $500 each) (980 recliners x $480 each) Variable Manufacturing Costs: Direct Materials Static Budget (1,000 recliners) Actual Results (980 recliners) $ 500,000 $ 470,400 (6,000 yds. @ $8.80/yd.) 52,800 (6,143 yds. @ $8.60/yd.) 52,830 Direct Labor (10,000 DLHr @ $12.20/DLHr) 122,000 (9,600 DLHr @ $12.40/DLHr) 119,040 Variable Overhead (6,000 yds. @ $5.20/yd.) 31,200 (6,143 yds. @ $6.60/yd.) 40,544 Fixed Manufacturing Costs: Fixed Overhead 60,600 62,600 Total Cost of Goods Sold 266,600 275,014 Total Cost of Goods Sold Gross Profit S 266,600 275,014 233,400 $ 195,386