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Homework: Ch.8 Learning Objective 4 Score: 0 of 47 pts 3 of 3 (2 complete) HW PM8-26A (similar to) Root Recliners manufactures leather recliners and uses flexible budgeting and a standard cost 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.) Read the requirements 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 Flexible Budget Budget Amounts per Unit Actual Units (Recliners) Sales Revenue Data Table Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Static Budget Actual Results (1,000 recliners) (980 recliners) $ 515.000 $ 465,500 Fixed Overhead Total Cost of Goods Sold 51,000 Gross Profit 50.987 Sales (1,000 recliners x $515 each) (980 recliners x $475 each) Variable Manufacturing Costs: Direct Materials (6,000 yds @ $8.50 / yd.) (6,143 yds @ $8.30 / yd.) Direct Labor (10,000 DLHr @ $10.90 / DLHr) (9,600 DLHr @ $11.10 / DLHr) Variable Overhead (6,000 yds @ $5.20 / yd.) (6,143 yds @ $6.60 / yd.) Fixed Manufacturing Costs: 109,000 106,560 31,200 40,544 60.600 62,600 Fixed Overhead Total Cost of Goods Sold 251,800 260,691 $ 204,809 Gross Profit 263,200 $ Print Done