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 4,500, 6,500, and 7,500 units. (Round your intermediate calculations to 2 decimal places.)

Master Budget (5,500 Units)

Flexible Budget (4,500 Units)

Flexible Budget (6,500 Units)

Flexible Budget (7,500 Units)

Direct materials$550

Direct labor2,750

Variable manufacturing overhead1,100

Fixed manufacturing overhead17,600

Total manufacturing cost$22,000