Question
E9-2 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
E9-2 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 5,700, 7,700, and 8,700 units. (Round your intermediate calculations to 2 decimal places.)
| Master Budget (6,700 Units) | Flexible Budget (5,700 Units) | Flexible Budget (7,700 Units) | Flexible Budget (8,700 Units) | |
| Direct materials | $1,340 | |||
| Direct labor | 3,350 | |||
| Variable manufacturing overhead | 2,010 | |||
| Fixed manufacturing overhead | 18,100 | |||
| Total manufacturing cost | $24,800 |
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Introduction To Management Accounting
Authors: Peter Scott
1st Edition
0198787383, 978-0198787389
