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 4,000, 6,000, and 7,000 units.
Homework Answers
Direct material cost/unit=(15000/5000)=$3
Direct labor cost/unit=(30000/5000)=$6
Variable manufacturing overhead cost/unit=(8000/5000)=$1.6
| 5000 | 4000 | 6000 | 7000 | |
| Direct materials | 15000 | 12000 | 18000 | 21000 |
| Direct labor | 30000 | 24000 | 36000 | 42000 |
| Variable manufacturing overhead | 8000 | 6400 | 9600 | 11200 |
| Fixed manufacturing overhead | 18000 | 18000 | 18000 | 18000 |
| Total manufacturing oost | 71000 | 60400 | 81600 | 92200 |
Note:Total fixed costs and variable cost/unit does not change with change in units.
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Olive Company makes silver belt buckles. The company’s master budget appears in the first column of...
Olive Company makes silver belt buckles. The company’s master budget appears in the first column of...
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 Flexible Budget( 4200 Units) Flexible Budget (6200 Units) Flexibile Budget (7200 Budgets) Direct Materials 1,560 Direct Labor 2,600 Variable Manufacturing Overhead 2,080 Fixed Moh 18,000 Total: 24,240
Olive Company makes silver belt buckles. The company’s master budget appears in the first column of...
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 5,200, 7,200, and 8,200 units. (Round your intermediate calculations to 2 decimal places.) Master Budget (6,200 Units) Flexible Budget (5,200 Units) Flexible Budget (7,200 Units) Flexible Budget (8,200 Units) Direct materials $1,860 Direct labor 2,480 Variable manufacturing overhead 2,480 Fixed manufacturing overhead 17,600 Total manufacturing cost $24,420
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 4,100,6,100, and 7100 units. (Round your intermediate calculations to decimal places. JetFlexible Budget Flexible Budget Flexible Budget 6.100 Units) (7.100 Units) Variable manufacturing overhead erhead INEN
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 5,300, 7,300, and 8,300 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,300 Units) (5,300 Units) (7,300 Units) (8,300 Units) 630 Direct materials Direct labor Variable manufacturing overhead Foxed manufacturing overhead Total manufacturing cost $ 23,840
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 5.900,7.900, and 8,900 units. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Variable manufacturing overhead Master Budget Flexible Budget Flexible Budget Flexible Budget (6,900 Units) (5,900 Units) (7.900 Units) (8.900 Units) 1,380 4.140 2,070 17,200 S 24.790 Fixed manufacturing overhead Total manufacturing cost
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 5,200, 7,200, and 8,200 units. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget Flexible Budget Flexible Budget Flexible Budget (6,200 Units) (5,200 Units) (7,200 Units) (8,200 Units) 620 3,100 1,240 17,400 $ 22,360
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 4,300, 6,300, and 7,300 units. (Round your intermediate calculations to 2 decimal places.) $ Master Budget Flexible Budget Flexible Budget Flexible Budget (5,300 Units) (4,300 Units) (6,300 Units) (7,300 Units) Direct materials 1,060 Direct labor 2,120 Variable manufacturing overhead 1,590 Fixed manufacturing overhead 18,200 Total manufacturing cost | $ 22,970
Olive Company makes silver belt buckles. The company's master budget appears in the first column of...
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 5,800, 7,800, and 8,800 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,800 Units) (5,800 Units) (7,800 Units) (8,800 Units) 680 Direct materials Direct labor 3,400 Variable manufacturing overhead 1,360 Fixed manufacturing overhead 18,800 24,240 Total manufacturing cost $
OIive Company makes slver belt buckles. The company's master budget appears In the first column of...
OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's flexible budget for 4,000, 6,000, and 7,000 units. (Round your Intermediate calculetions to 2 decimal places.) Master Budget Flexible Budget (5,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units) (4,000 Units) Direct materials 1,000 Direct labor 2,500 Variable manufacturing overhead 1,500 Fixed manufacturing overhead 17,900 Total manufacturing cost 22,900
E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles....
E9-2 (Algo) 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. Required: Complete the table by preparing Olive's flexible budget for 5.000. 7,000 and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget 16,000 Units) (5,000 Units) (7.000 Units) (8.000 Units) Direct materials Direct labor Variable manufacturing overhead Fored manufacturing overhead Total manufacturing cost...
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 4,100,6,100, and 7100 units. (Round your intermediate calculations to decimal places. JetFlexible Budget Flexible Budget Flexible Budget 6.100 Units) (7.100 Units) Variable manufacturing overhead erhead INEN
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 5,300, 7,300, and 8,300 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,300 Units) (5,300 Units) (7,300 Units) (8,300 Units) 630 Direct materials Direct labor Variable manufacturing overhead Foxed manufacturing overhead Total manufacturing cost $ 23,840
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 5.900,7.900, and 8,900 units. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Variable manufacturing overhead Master Budget Flexible Budget Flexible Budget Flexible Budget (6,900 Units) (5,900 Units) (7.900 Units) (8.900 Units) 1,380 4.140 2,070 17,200 S 24.790 Fixed manufacturing overhead Total manufacturing cost
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 5,200, 7,200, and 8,200 units. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget Flexible Budget Flexible Budget Flexible Budget (6,200 Units) (5,200 Units) (7,200 Units) (8,200 Units) 620 3,100 1,240 17,400 $ 22,360
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 4,300, 6,300, and 7,300 units. (Round your intermediate calculations to 2 decimal places.) $ Master Budget Flexible Budget Flexible Budget Flexible Budget (5,300 Units) (4,300 Units) (6,300 Units) (7,300 Units) Direct materials 1,060 Direct labor 2,120 Variable manufacturing overhead 1,590 Fixed manufacturing overhead 18,200 Total manufacturing cost | $ 22,970
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 5,800, 7,800, and 8,800 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget (6,800 Units) (5,800 Units) (7,800 Units) (8,800 Units) 680 Direct materials Direct labor 3,400 Variable manufacturing overhead 1,360 Fixed manufacturing overhead 18,800 24,240 Total manufacturing cost $
OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's flexible budget for 4,000, 6,000, and 7,000 units. (Round your Intermediate calculetions to 2 decimal places.) Master Budget Flexible Budget (5,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units) (4,000 Units) Direct materials 1,000 Direct labor 2,500 Variable manufacturing overhead 1,500 Fixed manufacturing overhead 17,900 Total manufacturing cost 22,900
E9-2 (Algo) 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. Required: Complete the table by preparing Olive's flexible budget for 5.000. 7,000 and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget 16,000 Units) (5,000 Units) (7.000 Units) (8.000 Units) Direct materials Direct labor Variable manufacturing overhead Fored manufacturing overhead Total manufacturing cost...
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