please as fast as possible

Data table Requirements 1. Prepare a flexible budget based on the actual number of recliners sold. 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. 3. Have Root's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Root's managers can benefit from the standard costing system. Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit Requirement 2. Compute the cost variance and the efficiency variance for direct maberials and for direct lsbor. For manufacturing overhead, compute the variable everhaad cost, variable oworhead efficiency, fored ovemead cost, and foxed ovemead volume variances. Round to the nearest doliar. Begin with the cost variances. Select the required formulas, compule the cost variances for drect materials and direct labor, and identify whether each varance is favorable (F) or untavomble (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC= actual cost AQ= actual quantity, FOF= Fxed overhead, SC= standind cost SQ= itandard quartity) Noit compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct masorials and drect labor, and idently whether each variance is favonble (Flo standard quanest) Now compute the variable overhead cost and efficiency variances. Select the rocuired formulas, compute the variable overhead cost and efficency varancos, and idently whiether each variance is Ravorable (F) or unfavorable (U). (Round your answert to the noarest whole dollar. Abbrevations Used: AC = actual cost AP = actual quantifi FOH e foxd oremead; SC = standard cost; 50 = ntandard quartfy: VOH= variable overteod. Now compute the foxed overhead cost and volume variances, Seloct the required formulas, compule the floed overhead cost and volume variances, and identify wheeher each variance is favorable (F) or untavorable (U). (Round your answers to the nearest whole dollar. Abbreviatons used: AC= actual cost: AQ= actual quantity, FOH = fixed ovemead; SC = standard cost: SC standard quantity] Requirement 3. Have Root's managers done a good job or a poor job controlling materias, labor, and overhead costs? Why? The varinces computed in Requirement 2 suggest that the managers have done a drect labor efliciency variance help offset the direct lober cost variance and direct materials efficiency variance. Managers have done a costs as evidenced by the fact that of the overhead variances are Requirement 4. Describe how Roors managorn can benefit from the itandard costing system. Standard costing helge manapers do the following: required formulas, compute the fixed ov ole dollar. Abbreviations used: AC= act ontrolling materials, labor, and overhead ave done a job controlling cost variance and direct materials efficie indard costing system