Question
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 4,300, 6,300, and 7,300 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget (5,300 Units) (4.300 Units) Flexible Budget Flexible Budget (6,300 Units) (7,300 Units) Direct materials $ 530 Direct labor 3,180 Variable manufacturing overhead 1,060 Fixed manufacturing overhead 17,700 Total manufacturing cost $ 22,470
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