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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 5,500, 7,500, and 8,500 units. Note: Round your intermediate calculations to 2 decimal places. (6,500 Units) (5,500 Units) Master Budget Flexible Budget Flexible Budget (7,500 Units) Flexible Budget (8,500 Units) Direct materials $ 1,300 Direct labor 2,600 Variable manufacturing overhead 1,950 Fixed manufacturing overhead 17,300 Total manufacturing cost $ 23,150
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