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
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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