E9-2 (Static) 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 4,000, 6,000, and 7,000 units. Answer is complete but not entirely correct. Master Flexible Flexible Flexible Budget (5,000 Budget (4,000 Units) Budget (6,000 Units) Budget (7.000 Units) Units) Direct materials 15,000 $ 30,000 $ 35,000 Direct labor 30,000 $ 60,000 $ 70,000 Variable manufacturing overhead 8,000 $ 16,000 $ 18,667 Fixed manufacturing overhead 18,000 $ 18,000 S 18,000 Total manufacturing cost 71,000 124,000 S 141,667 X S 5949 2,000 $ 40,000 $ 10,667 S 18,000 S 88,667 $ >* XXX