Olive Company makes silver belt buckles. The company's master budget appears in the first column of...

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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 5,500, 7,500, and 8,500 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,500 Units) (5,500 Units) Direct materials Direct labor $ 650 3,250 Variable manufacturing overhead 1,300 Fixed manufacturing overhead 18,700 Total manufacturing cost 23,900 (7,500 Units) (8,500 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 5,500, 7,500, and 8,500 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,500 Units) (5,500 Units) Direct materials Direct labor $ 650 3,250 Variable manufacturing overhead 1,300 Fixed manufacturing overhead 18,700 Total manufacturing cost 23,900 (7,500 Units) (8,500 Units)

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To complete the flexible budget for Olive Company we need to calculate the variable and fixed costs ... View the full answer