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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 4,600, 6,600, and 7,600 units. (Round your Intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (5,000 Units) (4,600 Units) Direct materials Direct labor $ 1,680 $ 1,380 (0,600 Units) $ (7,600 Units) 1,980 $ 2,280 2,240 Variable manufacturing overhead 2,240 $ 1,840 S 2,640 $ 3,040 Fixed manufacturing overhead 18,100 Total manufacturing cost $ 24,260
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