E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5,500, 7,500, and 8,500 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,500 Units) (5,500 Units) Direct materials $ 650 Direct labor 3,250 Variable manufacturing overhead 1,300 Fixed manufacturing overhead 18,500 Total manufacturing cost 23,700 (7,500 Units) (8,500 Units)