Data Table Static Budget Actual Results (1,000 recliners) (980 recliners) (1,000

Question

Data Table Static Budget Actual Results (1,000 recliners) (980 recliners) (1,000 recliners Sales x $ 495 each)$ 495,000 (980 recliners x $ 480 each) 470,400 Variable Manufacturing Costs Direct Materials(6,000 yds. @ $ 8.50 / yd.) 51,000 (6,143 yds.$ 8.30 / yd.) (10,000 DLHr$9.40 / DLHr) (9,600 DLHr9.50 / DLHr) (6,000 yds. $ 5.20 / yd.) (6,143 yds.$ 6.60 / yd.) 50,987 Direct Labor 94,000 91,200 Variable Overhead 31,200 40,544 Fixed Manufacturing Costs 60,600 236,800 258,200 $ 62,600 245,331 225,069 Fixed Overhead Total Cost of Goods Sold Gross Profit

Explanation / Answer

Requirement 1.

Requirement 2:

White Recliners Flexible Budget Budget Amounts per Unit Sales Revenue $ 495 $ 485,100 Variable Manufacturing Costs Direct Materials 8.50 / yard 52,215.50 Direct Labor 9.40 / hr. 90,240 Variable Overhead 5.20 / yard 31,943.60 Fixed Manufacturing Costs Fixed Overhead 60,600 Total Cost of Goods Sold $ 234,999.10 Gross Profit $ 250,100.90

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