Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Note: Do not round intermediate calculations. Required: Complete the table by preparing Olive's flexible budget for 4,000, 6,000, and 7,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget (5,000 Units) $ $ 15,000 30,000 8,000 18,000 71,000 Flexible Budget (4,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units)

Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Note: Do not round intermediate calculations. Required: Complete the table by preparing Olive's flexible budget for 4,000, 6,000, and 7,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget (5,000 Units) $ $ 15,000 30,000 8,000 18,000 71,000 Flexible Budget (4,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units)

Name: E9-2 (Static) Preparing Flexible Budget for Manufacturing Costs [LO 9
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Description: E9-2 (Static) 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.Note: Do not round intermediate calculations.Required:Complete the

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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