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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

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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 (5,500 Units) (4,500 Units) (6,500 Units) (7,500 Units) Direct materials $ 1,650 Direct labor 2,200 Variable manufacturing overhead 2,200 Fixed manufacturing overhead 17,500 Total manufacturing cost $ 23,550

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