00 Cricket 10:32 AM 76% value 10.00 points E9-2 Preparing Flexible Budget for Ma

Question

00 Cricket 10:32 AM 76% value 10.00 points E9-2 Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table Requirec Complete the table by preparing Olive's flexible budget for 5,900, 7,900, and 8,900 units. (Round your intermediate calculations to 2 decimal places.) Budget Master Budget 2,070 2,760 2,760 17,900 25,490 Flexible Budget 900 Un Bu 7,900 8,900 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost

Explanation / Answer

Master Cost p.u Flexible Flexible Flexible Budget [A]/6900 units Budget Budget Budget 6900 units 5900 units 7900 units 8900 units [A] [B] [B]*5900 uts [B]*7900 uts [B]*8900 uts Direct Material 2070 0.3 1770 2370 2670 Direct Labour 2760 0.4 2360 3160 3560 Variable Manufacturing O/H 2760 0.4 2360 3160 3560 Fixed Manufacturnig O/H 17900 17900 17900 17900 25490 24390 26590 27690 Fixed Manufacting Overhead remains same irrespective of no of units produced Variable Cost isconstant per item. It variates with no of items produced

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