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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 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 4,700, 6,700, and 7,700 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget (5,700 Units) (4,700 Units) Flexible Budget Flexible Budget (6,700 Units) (7,700 Units) Direct materials $ 1,140 Direct labor 2,850 Variable manufacturing overhead. 1,710 Fixed manufacturing overhead 18,800 Total manufacturing cost $ 24,500
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