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2) Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: Complete the table by preparing

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Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: Complete the table by preparing Olives flexible budget for 5,900, 7,900, and 8,900 units.

Master Budget (6,900 Units) Flexible Budget (5,900 Units) Flexible Budget (7,900 Units) Flexible Budget (8,900 Units)
Direct materials $2,070
Direct labor 3,450
Variable manufacturing overhead 2,760
Fixed manufacturing overhead 18,600
Total manufacturing cost $26,880

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