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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 5,000, 7,000, and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (7,000 Units) (8,000 Units) (6,000 Units) (5,000 Units) Direct materials Direct labor $ 1,200 3,000 Variable manufacturing overhead 1,800 es Fixed manufacturing overhead 17,300 Total manufacturing cost $ 23,300

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