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 5,900, 7,900, and 8,900 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (7,900 Units) (8,900 Units) (6,900 Units) (5,900 Units) Direct materials $ 690 Direct labor 4,140 Variable manufacturing overhead 1,380 Fixed manufacturing overhead 18,000 Total manufacturing cost $ 24,210

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 15EB: Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per...
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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 5,900, 7,900, and 8,900 units.
Note: Round your intermediate calculations to 2 decimal places.
Master Budget Flexible Budget Flexible Budget Flexible Budget
(7,900 Units)
(8,900 Units)
(6,900 Units)
(5,900 Units)
Direct materials
$
690
Direct labor
4,140
Variable manufacturing overhead
1,380
Fixed manufacturing overhead
18,000
Total manufacturing cost
$
24,210
Transcribed Image Text: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 5,900, 7,900, and 8,900 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (7,900 Units) (8,900 Units) (6,900 Units) (5,900 Units) Direct materials $ 690 Direct labor 4,140 Variable manufacturing overhead 1,380 Fixed manufacturing overhead 18,000 Total manufacturing cost $ 24,210
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