I need help with calculating the equations attached.

- X Data table Static Budget Actual Results (1,000 recliners) (980 recliners) Sales (1,000 recliners x $500 each) 500,000 (980 recliners x $480 each) 470,400 Variable Manufacturing Costs: Direct Materials (6,000 yds. @ $8.60 / yd.) 51,600 (6,143 yds. @ $8.40 / yd.) 51,601 Direct Labor (10,000 DLHr @ $10.70 / DLHr) 107,000 (9,600 DLHr @ $10.80 / DLHr) 103,680 Variable Overhead (6,000 yds. @ $5.20 /yd.) 31,200 (6,143 yds. @ $6.60 / yd.) 40,544 Fixed Manufacturing Costs: Fixed Overhead 60,600 62,600 Total Cost of Goods Sold 250,400 258,425 Gross Profit $ 249,600 $ 211,975 Print DoneRequirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent.) White Recliners Flexible Budget Budget Amounts per Unit Actual Units (Recliners) 980 Sales Revenue 500 490,000 Variable Manufacturing Costs: Direct Materials 51.60 50,568 Direct Labor 107.00 104,860 Variable Overhead 31.20 30,576 Fixed Manufacturing Costs: Fixed Overhead 60,600 Total Cost of Goods Sold 246,604 243,396 Gross ProfitRequirement 2. 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. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Direct materials cost variance (AC - SC) * AQ Direct labor cost variance (AC - SC) * AQ Next compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Direct materials efficiency variance (AQ - SQ) x SC Direct labor efficiency variance (AQ - SQ) x SC Now compute the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity; VOH = variable overhead.) Formula Variance VOH cost variance (AC - SC) x AQ VOH efficiency variance (AQ - SQ) x SC UNow compute the fixed overhead cost and volume variances. Select the required formulas, compute the fixed overhead cost and volume variances, and identify whether each variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance FOH cost variance Actual FOH - Budgeted FOH FOH volume variance Budgeted FOH - Allocated FOH U