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$1,320Direct labor3,960Variable manufacturing overhead1,980Fixed manufacturing overhead17,500Total manufacturing cost$24,760

Variable manufacturing cost per unit remains the same while total FIXED overhead remains the same…

Answered: Olive Company makes silver belt…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 15EA: Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 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 5,400, 7,400, and 8,400 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget (5,400 Units) Flexible Budget (8,400 Units) (6,400 Units) (7,400 Units) Direct materials $ 640 Direct labor 3,200 Variable manufacturing overhead 1,280 Fixed manufacturing overhead 17,000 Total manufacturing cost $ 22,120
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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 4,100, 6,100, and 7,100 units. Note: Round your intermediate calculations to 2 decimal places. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget Flexible Budget (5,100 Units) (4,100 Units) $ 1,020 3,060 1,530 18,200 23,810 $ Flexible Budget (6,100 Units) Flexible Budget (7,100 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 5,800, 7,800, and 8,800 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,800 Units) (5,800 Units) Direct materials $ 2,040 Direct labor Variable manufacturing overhead 3,400 2,720 Fixed manufacturing overhead 17,600 Total manufacturing cost $ 25,760 (7,800 Units) (8,800 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 5,700, 7,700, and 8,700 units. Note: Round your intermediate calculations to 2 decimal places. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget Flexible Budget (6,700 Units) (5,700 Units) $ 2,010 3,350 2,680 18,800 26,840 $ Flexible Budget (7,700 Units) Flexible Buget (8,700 Units)
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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 4,200, 6,200, and 7,200 units. (Round your intermediate calculations to 2 decimal places.)
Subject: acounting
Subject: accounting
Subject - Accounting
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3. Prepare the direct labor budget for the third quarter. For the left columns you are promoted to use the drop down options provided in the photos. For the right columns you are required to add numbers in the black spaces. Please use the exact format in the photos. Thank you !

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