Question
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
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. Note: Round your intermediate calculations to 2 decimal places. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget Flexible Budget (5,700 Units) (4,700 Units) $ 570 $ 2,850 1,140 18,900 23,460 $ Flexible Budget (6,700 Units) 470 $ $ $ $ $ Flexible Budget (7,700 Units) 670 $ 3,350 $ 1,340 $ $ 18,900 24,260 770 3,850 1,540 17,100
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