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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

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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 flexible budget for 4,500, 6,500, and 7,500 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget Direct materials $ (5,500 Units) 1,100 (4,500 Units) (6,500 Units) (7,500 Units) $ 900 $ 1,300 $ 1,500 Direct labor 2,200 $ 18,000 Variable manufacturing overhead 1,650 Fixed manufacturing overhead 17,700 Total manufacturing cost $ 22,650

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