Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which

Bexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 14,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $135,800 Power and light 5,320 Indirect materials 30,800 Total variable overhead cost $171,920 Fixed overhead cost: Supervisory salaries $60,170 Depreciation of plant and equipment Insurance and property taxes 37,820 24,070 Total fixed overhead cost 122,060 $293,980 Total factory overhead cost Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 12,000, 14,000, and 16,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. Leno Manufacturing Company Factory Overhead Cost Budget-Press Department Direct labor hours For the Month Ended November 30 12,000 14,000 16,000 Variable overhead cost: Indirect factory labor Power and light Indirect materials 388 Fixed overhead cost: Supervisory salaries $60,170 Depreciation of plant and equipment 37,820 Insurance and property taxes 24,070 Total fixed overhead cost 122,060 Total factory overhead cost $293,980 Variable overhead cost: Indirect factory labor Power and light Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 12,000, 14,000, and 16,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. Leno Manufacturing Company Factory Overhead Cost Budget-Press Department Direct labor hours For the Month Ended November 30 12,000 14,000 16,000 Indirect materials Total variable factory overhead Fixed factory overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead Total factory overhead cost 00000 100000 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting In A Business Context Teachers Guide

Authors: A. Berry

1st Edition

0412587505, 978-0412587504

More Books

Students also viewed these Accounting questions