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OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's

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OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's flexible budget for 4,000, 6,000, and 7,000 units. (Round your Intermediate calculetions to 2 decimal places.) Master Budget Flexible Budget (5,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units) (4,000 Units) Direct materials 1,000 Direct labor 2,500 Variable manufacturing overhead 1,500 Fixed manufacturing overhead 17,900 Total manufacturing cost 22,900

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