Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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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 4,000, 6,000, and 7,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,000 Units) (7,000 Units) (5,000 Units) (4,000 Units) Direct materials $ 1,500 Direct labor 2,000 Variable manufacturing overhead 2,000 Fixed manufacturing overhead 17,600 Total manufacturing cost $ 23,100 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 4,000, 6,000, and 7,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,000 Units) (7,000 Units) (5,000 Units) (4,000 Units) Direct materials $ 1,500 Direct labor 2,000 Variable manufacturing overhead 2,000 Fixed manufacturing overhead 17,600 Total manufacturing cost $ 23,100
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