T: CH 8 HW st Question 4, PM8-26A (similar to) Part 1 of 7 HW Score: 40%, 4 of 10 points Points: 0 of 4 Save Cole Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Cole 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. Data table Static Budget (1,025 recliners) Actual Results (1,005 recliners) Sales (1,025 recliners x $495 each) (1,005 recliners x $480 each) $ 507,375 $ 482,400 Variable Manufacturing Costs: Direct Materials (6,150 yds. @ $8.90 / yd.) (6,300 yds. @ $8.70/yd.) 54,735 54,810 Direct Labor (10,250 DLHr @ $10.80 / DLHr) (9,850 DLHr @ $11.00 / DLHr) 110,700 108,350 Variable Overhead (6,150 yds. @ $5.10/yd.) 31,365 (6,300 yds. @ $6.50 / yd.) 40,950 Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit 62,730 64,730 259,530 268,840 $ 247,845 $ 213,560 Print Done - earest cent.)