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 4,100, 6,100, and 7,100 units. (Round your intermediate calculations to 2 decimal places.)
Master Budget (5,100 Units)
Flexible Budget (4,100 Units)
Flexible Budget (6,100 Units)
Flexible Budget (7,100 Units)
Direct materials
$1,020
$820
$1,220
$1,420
Direct labor
3,060
Variable manufacturing overhead
1,530
$1,230
$1,830
$2,130
Fixed manufacturing overhead
17,600
Total manufacturing cost
$23,210
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