Answered step by step
Verified Expert Solution
Question
1 Approved Answer
E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The companys master budget appears in the first column
E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2]
Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: Complete the table by preparing Olives flexible budget for 5,900, 7,900, and 8,900 units. (Round your intermediate calculations to 2 decimal places.)
Direct materials Master Budget Flexible Budget Flexible Budget Flexible Budget (6,900 Units) (5,900 Units) (7,900 Units) (8,900 Units) $ 1,380 $ 1,180 $ 1,580 $ 1,780 4,140 Direct labor Variable manufacturing overhead 2,070 $ 1,770 $ 2,370 2,670 Fixed manufacturing overhead Total manufacturing cost 17,300 24,890 $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started