Stenback Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Stenback allocates overhead based on yards of direct materials. The company's performance report includes the fo lowing selected dat EEB Click the icon to view the selected data.) Re d the requirements Data Table Next compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct Abbreviations used. AC actual cost, AQ actual quantity, FOH fixed overhead, SC- standard cost, S0-s eares Static Budget Actual Results (1,025 recliners (1,005 recliners) Formula (AQ-SQ)x SC AQ - SQ)x SC Varianc Sales (1,025 recliners x S 510 each) $ (1,005 recliners x S 480 each) 22,750 Direct materials efficiency variance Direct labor efficiency variance Now compute the varnable overnead cost and efficiency variances. Select the required formulas, compute the 482,400 Variable Manufacturing Costs our a Direct Materials (6,150 yds. S 8.80yd.) (6,300 yds. S 8.60yd.) (10,250 DLHrS 9.10 DLHr) (9,850 DLHr 9.30 DLHr) (6,150 yds.S 5.10yd.) (6,300 yds.S6.50yd.) nearest whole dollar Abbreviations used. AC actual cost. AQ : actual quantity: ???-fixed overhead: SC st 54,120 54,180 Variance Formula Actual VOH - (SC x AQ) (AQ - SQ) x SC Direct Labor 33,275 VOH cost variance VOH efficiency variance Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed 91,605 Variable Overhead 31,365 to t 10,950 whole dollar. Abbreviations used: AC actual cost, Ad actual quantity, FOH fixed overhead, SC standartd Fixed Manufacturing Costs Formula Actual ???-Budgeted ??? Budgeted FOH- Allocated FOH Variance Fixed Overhead Total Cost of Goods Sol Gross Profit 62.730 241,490 281,280S 64 730 251,465 230,935 LJ FOH cost variace FOH volume variance - Requirement 3. Have Stenhack's managers done a good job or a poor job controling materials, labor, and o hoose from any list ?? enter any number in the input fields and then continue to the next question. PrintDone