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 5,600, 7,600, and 8,600 units. Note: Round your intermediate calculations to 2 decimal places. (6,600 Units) (5,600 Units) Master Budget Flexible Budget Flexible Budget (7,600 Units) Flexible Budget (8,600 Units) Direct materials $ 1,320 Direct labor 3,960 Variable manufacturing overhead 1,980 Fixed manufacturing overhead 17,500 Total manufacturing cost $ 24,760

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 5,600, 7,600, and 8,600 units. Note: Round your intermediate calculations to 2 decimal places. (6,600 Units) (5,600 Units) Master Budget Flexible Budget Flexible Budget (7,600 Units) Flexible Budget (8,600 Units) Direct materials $ 1,320 Direct labor 3,960 Variable manufacturing overhead 1,980 Fixed manufacturing overhead 17,500 Total manufacturing cost $ 24,760

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...

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