Static Budget Actual Results (1,000 recliners) (980 recliners) Sales (1,000 recliners x $ 515 each) $ 515,000 (980 recliners x $ 495 each) 485,100 Variable Manufacturing Costs (6,000 yds. $ 8.50 / yd.) (6,143 yds. $ 8.30 / yd.) (10,000 DLHr $ 9.30 / DLHr) (9,600 DLHr $ 9.50 / DLHr) (6,000 yds. $ 5.20 / yd.) (6,143 yds. $ 6.60 / yd.) Direct Materials 51,000 50,987 Direct Labor 93,000 91,200 Variable Overhead 31,200 40,544 Fixed Manufacturing Costs 60,600 235,800 279,200 62,600 245,331 239,769 Fixed Overhead Total Cost of Goods Sold Gross Profit Static Budget Actual Results (1,000 recliners) (980 recliners) Sales (1,000 recliners x $ 515 each) $ 515,000 (980 recliners x $ 495 each) 485,100 Variable Manufacturing Costs (6,000 yds. $ 8.50 / yd.) (6,143 yds. $ 8.30 / yd.) (10,000 DLHr $ 9.30 / DLHr) (9,600 DLHr $ 9.50 / DLHr) (6,000 yds. $ 5.20 / yd.) (6,143 yds. $ 6.60 / yd.) Direct Materials 51,000 50,987 Direct Labor 93,000 91,200 Variable Overhead 31,200 40,544 Fixed Manufacturing Costs 60,600 235,800 279,200 62,600 245,331 239,769 Fixed Overhead Total Cost of Goods Sold Gross Profit