performance report includes the following selected data:

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Requirement $1.$ Prepare a flexible budget based on the actual number of

Root Recliners

Flexlble Budget

Budget

Amounts

Actual Units $($Recliners$)$

Sales Revenue Unit

Variable Manufacturing Costs:

Direct Materials

Direct Labor

Variable Overhead

Fixed Manufacturing Costs:

Fixed Overhead

Total Cost of Goods Sold

Gross Profit

Selected Data

$\backslash$table$[[$Sales$,(700$ recliners @ $$580$ each$),\backslash$table$[[$Static Budget $(700],[$recliners$)]],\backslash$table$[[$Actual Results$],[(680$ recliners$)]]],[$$$,406,000],[,(680$ recliners @ $$510$ each$),,,346,800],[$Variable Manufacturing Costs:$],[$Direct Materials, yds$.$ @ $$8\mathrm{.}70/$yd$.),,36,540,],[$ yds$.$ @ $$8,50/$yd$.),,,36,236],[$Direct Labor, DLHr @ $$25\mathrm{.}00/$ DLHr$),,80,500,],[$ DLHr @ $$24,30/$ DLHr$),,,79,461],[$Variable Overhead, yds$.$@$$5\mathrm{.}00/$yd$.),,21,000,],[$ yds$.$ @ $$6\mathrm{.}40/$yd$.),,,27,283],[$Fixed Manufacturing Costs:$],[$Fixed Overhead,,,$60,000,62,000],[$Total Cost of Goods So$,,,198,040,204,980],[$Gross Profit,,$s,207,960,141,820]]$