Preparing Flexible Budget for Manufacturing Costs
Follett Company makes handwoven blankets. The company’s master budget appears in the first column of the table.
| Master Budget (5,000 units) | Flexible Budget (4,000 units) | Flexible Budget (6,000 units) | Flexible Budget (7,000 units) |
Direct materials | $ 7,500 |
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Direct labor | 20,000 |
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Variable manufacturing overhead | 8,000 |
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Fixed manufacturing overhead | 18,000 |
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Total manufacturing cost | $53,500 |
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Required:
Complete the table by preparing Follett’s flexible budget for 4,000, 6,000, and 7,000 units.
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