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 4,200, 6,200, and 7,200 units. (Round your intermediate calculations to 2 decimal places.)
Master Budget (5,200 Units) Flexible Budget (4,200 Units) Flexible Budget (6,200 Units) Flexible Budget (7,200 Units)
Direct materials $1,040 Direct labor 3,120 Variable manufacturing overhead 1,560 Fixed manufacturing overhead 18,400 Total manufacturing cost $24,120