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 4,300, 6,300, and 7,300 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 (5,300 Units) (4,300 Units) $ $ 530 2,650 1,060 18,300 22,540 Flexible Budget (6,300 Units) Flexible Budget (7,300 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 4,300, 6,300, and 7,300 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 (5,300 Units) (4,300 Units) $ $ 530 2,650 1,060 18,300 22,540 Flexible Budget (6,300 Units) Flexible Budget (7,300 Units)
Chapter7: Budgeting
Section: Chapter Questions
Problem 15EB: Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per...
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