Olive Company makes silver belt buckles. The companys master budget appears in the first column...
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Accounting
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 4,200, 6,200, and 7,200 units. (Round your intermediate calculations to 2 decimal places.)
Master Budget (5,200 Units)
Flexible Budget (4,200 Units)
Flexible Budget (6,200 Units)
Flexible Budget (7,200 Units)
Direct materials
$1,040
Direct labor
3,120
Variable manufacturing overhead
1,560
Fixed manufacturing overhead
18,400
Total manufacturing cost
$24,120
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