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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

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 5,400, 7,400, and 8,400 units. (Round your intermediate calculations to 2 decimal places.)

	Master Budget (6,400 Units)	Flexible Budget (5,400 Units)	Flexible Budget (7,400 Units)	Flexible Budget (8,400 Units)
Direct materials	$1,920
Direct labor	2,560
Variable manufacturing overhead	2,560
Fixed manufacturing overhead	17,900
Total manufacturing cost	$24,940

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