E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt...
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Accounting
E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2]
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 4,500, 6,500, and 7,500 units. (Round your intermediate calculations to 2 decimal places.)
Master Budget (5,500 Units)
Flexible Budget (4,500 Units)
Flexible Budget (6,500 Units)
Flexible Budget (7,500 Units)
Direct materials$550
Direct labor2,750
Variable manufacturing overhead1,100
Fixed manufacturing overhead17,600
Total manufacturing cost$22,000
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