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