Question
Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: 1. Complete the table by preparing
Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: 1. Complete the table by preparing Olives flexible budget for 4,500, 6,500, and 7,500 units. (Round your intermediate calculations to 2 decimal places.) Direct Materials: $1,100
Direct Labor: 3,300
Variable Manufacturing Overhead: 1,650
Fixed Manufacturing Overhead: 18,200
Total Manufacturing Cost: 24,250
Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table. Required: 2. Complete the table by preparing Olives flexible budget for 4,800, 6,800, and 7,800 units. (Round your intermediate calculations to 2 decimal places.) Direct Materials: $1,160
Direct Labor: 2,900
Variable Manufacturing Overhead: 1,740
Fixed Manufacturing Overhead: 17,000
Total Manufacturing Cost: 22,800
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