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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
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 5,700, 7,700, and 8,700 units. (Round your intermediate calculations to 2 decimal places.) Direct materials Master Budget Flexible Budget Flexible Budget Flexible Budget (6,700 Units) (5,700 Units) (7,700 Units) (8,700 Units) $ 1,340 3,350 Direct labor 2,010 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost 18,100 $ 24,800
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