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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 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 4,500, 6,500, and 7,500 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,500 Units) (7,500 Units) (5,500 Units) (4,500 Units) Direct materials Direct labor $ 1,100 2,750 Variable manufacturing overhead 1,650 es Fixed manufacturing overhead 18,800 Total manufacturing cost $ 24,300
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