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 4,100, 6,100, and 7,100 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,100 Units) (7,100 Units) (5,100 Units) (4,100 Units) Direct materials $ 1,020 Direct labor 2,550 Variable manufacturing overhead 1,530 Fixed manufacturing overhead 17,800 Total manufacturing cost $ 22,900
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 4,100, 6,100, and 7,100 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,100 Units) (7,100 Units) (5,100 Units) (4,100 Units) Direct materials $ 1,020 Direct labor 2,550 Variable manufacturing overhead 1,530 Fixed manufacturing overhead 17,800 Total manufacturing cost $ 22,900
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 7CE: Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced...
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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 4,100, 6,100, and 7,100 units.
Note: Round your intermediate calculations to 2 decimal places.
Master Budget Flexible Budget Flexible Budget Flexible Budget
(6,100 Units)
(7,100 Units)
(5,100 Units)
(4,100 Units)
Direct materials
$
1,020
Direct labor
2,550
Variable manufacturing overhead
1,530
Fixed manufacturing overhead
17,800
Total manufacturing cost
$
22,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ed20ef4-789e-42a0-b117-7e43ed0a31af%2Fc3ce07ac-1592-4f0c-b69b-2cd130d21f3c%2F0xjikxh_processed.png&w=3840&q=75)
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 4,100, 6,100, and 7,100 units.
Note: Round your intermediate calculations to 2 decimal places.
Master Budget Flexible Budget Flexible Budget Flexible Budget
(6,100 Units)
(7,100 Units)
(5,100 Units)
(4,100 Units)
Direct materials
$
1,020
Direct labor
2,550
Variable manufacturing overhead
1,530
Fixed manufacturing overhead
17,800
Total manufacturing cost
$
22,900
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