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Read the requirements.

Data table

Requirement $1.$ Prepare a flexible budget based on the actual number of recliners sold. $($Round budget amounts per unit to the nearest cent.$)$

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.

Have White's managers done a good job or a poor job controlling materials,

labor, and overhead costs? Why?

Describe how White's managers can benefit from the standard costing

system.