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Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: Complete the table by preparing Olives
Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: Complete the table by preparing Olives flexible budget for 5,500, 7,500, and 8,500 units. (Round your intermediate calculations to 2 decimal places.)
Master Budget (6,500 Units)
Direct materials$650Direct labor3,250Variable manufacturing overhead1,300Fixed manufacturing overhead17,400Total manufacturing cost$22,600
Flexible Budget (5,500 Units)
Flexible Budget (7,500 Units)
Flexible Budget (8,500 Units)
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