t system. Root allocates overhead based on yards of direct materials. The Root Recliners manufa company's performance report includes the following selected data (Click the icon to view the selected data.) Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent.) Root Recliners Budget Amounts per Unit Sales Revenue 515 517575 Variable Manufacturing Costs: 8.6054180 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook 0 7 5 6 8 9 i Data Table cliners manufact y's performance ck the icon to vie ct mate (1,025 recliners) (1,005 recliners) e requirements (1,025 recliners x $ 515 each) $ (1,005 recliners x $ 490 each) Sales 527,875 492,450 ement 1. Prepare Variable Manufacturing Costs (6,150 yds. $ 8.60 /yd.) (6.300 yds. @ s 8.40 /yd.) (10,250 DLHr @ $ 9.20/DLHr) (9,850 DLHr $ 9.40/DLHr) (6,150 yds. $ 5.10/yd.) (6.300 yds. @ s 6.50/yd.) Direct Materials 52,890 52,920 Direct Labor 94.300 92,590 Variable Overhead 31,365 al Units (Recliners) 40,950 Fixed Manufacturing Costs: able Manufacturing 62,730 64,730 Fixed Overhead ose from any list or Print Done Dll F 8 FS F1G Variable Manufacturing Costs (6,150 yds. @ $ 8.60 /yd.) 6,300 yds. @ $ 8.40/yd.) (10,250 DLHr @ $ 9.20/DLHr) (9,850 DLHr @ $ 9.40/DLHr) (6,150 yds. @ $ 5.10 /yd.) (6,300 yds.@ $ 6.50 /yd.) Direct Materials 52,890 nt 1. Prepare 52,920 Direct Labor 94,300 92,590 Variable Overhead 31,365 40,950 Fixed Manufacturing Costs: 62,730 241,285 286,590 $ 64,730 251,190 241,260 Inits (Reclinens) Fixed Overhead Total Cost of Goods Sold Gross Profit e Manufacturing ect Materials e from any list or PrintDone MacBook Do 9 F5 okk 8 9 0 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: 980 515517575 Direct Materials Direct Labor Variable Overhead 8.60 54180 9.20 90620 5,10 32130 Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Gross Profit 62730 239660 277915 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook 5 6 8 9 0 Root Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Root allocates overhead based on yar any's performance report includes the following selected data: (Click the icon to view the selected data.) Read the requirements. or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC - actual cost: AQ actual quantity: FOH fixed c sa standard quantity.) Formula Variance Direct materials cost variance Direct labor cost variance (AC-SC) x AO Next compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct materials and direct labor, and id is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC actual cost: AQ actual quantity standard cost: SQ standard quantity.) (AQ - SQ) x SC Direct labor efficiency variance Choose from any list or enter any number in the input fields and then continue to the next question. MacBook 0 F5 r on company's performance report includes the following selected data: E click the icon to view the selected data.) Read the requirements Formula AC-SC) x ACQ VOH cost variance VOH efficiency variance 1 (AQ-SQ) x SC # ove variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar overhead; SC standard cost; SQ standard quantity.) Abbreviations used: AC actual cost: AQ act Formula Actual FOH- Budgeted FOH FOH cost variance FOH volume variance Budgeted FOH-Allocated FOH Requirement 3. Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Choose from any list or enter any number in the input fields and then continue to the next question. MacBook ludes the following selected data ected d i Requirements Prepare a flexible budget based on the actual number of recliners sold. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 1. 2. (AQ cost an orable Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Root's managers can benefit from the standard costing system. 3. 4. Act Budgeted anagers PrintDone any number in the input fields and then continue to the next question ludes the following selected data ected d i Requirements Prepare a flexible budget based on the actual number of recliners sold. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 1. 2. (AQ -S cost an orable Q = star Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Root's managers can benefit from the standard costing system. 3. 4. Act udgeted anagers PrintDone any number in the input fields and then continue to the next question t system. Root 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.) Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent.) Root Recliners Budget Amounts per Unit Sales Revenue 515 517575 Variable Manufacturing Costs: 8.60n 54180 Choose from any list or enter any number in the input fields and then continue to the next question 5 6 7 8 9 i Data Table cliners manufact ys performance ck the icon to vie ct mate (1,025 recliners) (1,005 recliners) (1,025 recliners x $ 515 each) $ (1,005 recliners x $ 490 each) Sales 527,875 492,450 ement 1. Prepare Variable Manufacturing Costs (6,150 yds. $ 8.60 /yd.) (6,300 yds. @ $ 8.40/yd.) (10,250 DLHr @ $ 9.20/DLHr) (9,850 DLHr $ 9.40/DLHr) (6,150 yds. $ 5.10/yd.) (6.300 yds. @ s 6.50/yd.) Direct Materials 52,890 52,920 Direct Labor 94.300 92,590 Variable Overhead 31,365 al Units (Recliners) 40,950 Fixed Manufacturing Costs: able Manufacturing 62,730 64,730 Fixed Overhead ose from any list or Print Done Dll F8 10 r on company's performance report includes the following select EEB Click the icon to view the selected data.) Read the requirements. ed data Formula (AC-SC) AQ VOH cost variance VOH efficiency variance (AQ SQ) x SC Now compute the fixed overhead cost and volume variances. Select the required formulas, variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar overhead; SC standard cost; SQ standard quantity.) ove Abbreviations used: AC actual cost: AQ act Formula Variance FOH cost variance Actual FOH - Budgeted FOH FOH volume variance Budgeted FOH - Allocated FOH Requirement 3. Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Choose from any list or enter any number in the input fields and then continue to the next question. MacBook 20 Fa Root Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Root allocates overhead based on yan any's performance report includes the following selected data: (Click the icon to view the selected data.) Read the requirements or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC - actual cost: AQ actual quantity: FOH fixed c sQ standard quantity.) Formula (AC-SC) x AO (AC- SC)x AQ Variance Direct materials cost variance Direct labor cost variance Next compute the efficiency variances Select the required formulas, compute the efficiency variances for direct materials and direct labor, and id is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC actual cost: AQ- actual quantity standard cost. SQ standard quantity.) (AQ- SQ) x SC (AQ-SQ) x SC Choose from any list or enter any number in the input fields and then continue to the next question. MacBook OW F5 F6