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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 6,000, 8,000, and 9,000 units. (Round your intermediate calculations to 2 decimal places.)
master budget (7000 units) | flexible budget (6000 units) | flexible budget (8000 units) | flexible budget (9000 units) | |
direct materials | $1400 | |||
direct labor | 3500 | |||
variable manufacturing overhead | 2100 | |||
fixed manufacturing overhead | 17500 | |||
total manufacturing cost | 24500 |
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