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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 (6,900 Units) (5,900 Units) Direct materials Direct labor $ 1,380 2,760 Variable manufacturing overhead 2,070 Fixed manufacturing overhead 18,200 Total manufacturing cost $ 24,410 (7,900 Units) (8,900 Units)

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 (6,900 Units) (5,900 Units) Direct materials Direct labor $ 1,380 2,760 Variable manufacturing overhead 2,070 Fixed manufacturing overhead 18,200 Total manufacturing cost $ 24,410 (7,900 Units) (8,900 Units)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 (6,900 Units) (5,900 Units) Direct materials Direct labor $ 1,380 2,760 Variable manufacturing overhead 2,070 Fixed manufacturing overhead 18,200 Total manufacturing cost $ 24,410 (7,900 Units) (8,900 Units)
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 (6,900 Units) (5,900 Units) Direct materials Direct labor $ 1,380 2,760 Variable manufacturing overhead 2,070 Fixed manufacturing overhead 18,200 Total manufacturing cost $ 24,410 (7,900 Units) (8,900 Units)
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