Olive Company makes silver belt buckles. The company\'s master budget appears in

Question

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 4,600, 6,600, and 7,600 units. (Round your intermediate calculations to 2 decimal places.) aster Budget Flexible Budget Flexible Budget Flexible Budget (5,600 Units) (4,600 Units)(6,600 Units) (7,600 Units) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 1,680 2,800 2,240 18,300 $25,020 Total manufacturing cost

Explanation / Answer

Direct material cost/unit=(1680/5600)=$0.3/unit

Direct labor cost/unit=(2800/5600)=0.5/unit

Variable overhead/unit=(2240/5600)=$0.4

Note:Total fixed costs and variable cost/unit do not change with change in units.

5600 units 4600 units 6600 units 7600 units Direct materials 1680 1380 1980 2280 Direct labor 2800 2300 3300 3800 Variable manufacturing overhead 2240 1840 2640 3040 Fixed manufacturing overhead 18300 18300 18300 18300 Total manufacturing cost 25020 23820 26220 27420

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