Olive company makes silver belt buckles the companys master, Ask an Expert

Accounting

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. (Round your intermediate calculations to 2 decimal places.)

Master Budget (6800 Units)Flexible Budget (5800 Units)Flexible Budget (7800 Units)Flexible Budget (8800 Units)

Direct materials $1,360 $1,160 $1,560 $1,760

Direct labor 4,080 $3,480 $4,680 $5,280

Variable manufacturing overhead 2,040 $1,740 $2,340 $2,640

Fixed manufacturing overhead 17,800 $17,800 $17,800 $17,800

Total manufacturing cost $25,280 $24,180 $26,380 $27,480

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Category:- Accounting Basics
Reference No.:- M9948155

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