Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2]
Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table.
Required:
Complete the table by preparing Olive's flexible budget for 4,600, 6,600, and 7,600 units.
Note: Round your intermediate calculations to 2 decimal places.
Master Budget Flexible Budget Flexible Budget Flexible Budget
(6,600 Units) (7,600 Units)
(5,600 Units)
(4,600 Units)
Direct materials
$
1,120
Direct labor
2,240
Variable manufacturing overhead
1,680
Fixed manufacturing overhead
17,300
Total manufacturing cost
S
22,340
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Transcribed Image Text:E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 4,600, 6,600, and 7,600 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,600 Units) (7,600 Units) (5,600 Units) (4,600 Units) Direct materials $ 1,120 Direct labor 2,240 Variable manufacturing overhead 1,680 Fixed manufacturing overhead 17,300 Total manufacturing cost S 22,340
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