E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles....
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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 4,900, 6,900, and 7,900 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,900 Units) (7,900 Units) Direct materials $ (5,900 Units) 590 (4,900 Units) Direct labor 3,540 Variable manufacturing overhead 1,180 Fixed manufacturing overhead 18,000 Total manufacturing cost $ 23,310 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 4,900, 6,900, and 7,900 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,900 Units) (7,900 Units) Direct materials $ (5,900 Units) 590 (4,900 Units) Direct labor 3,540 Variable manufacturing overhead 1,180 Fixed manufacturing overhead 18,000 Total manufacturing cost $ 23,310
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