Flexible 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 $20,000$ hours of productive capacity in the department:

Line Item Description Amount

Variable overhead costs:

Indirect factory labor $$180,000$

Power and light $12,000$

Indirect materials $64,000$

Total variable overhead cost $$256,000$

Fixed overhead costs:

Supervisory salaries $ $80,000$

Depreciation of plant and equipment $50,000$

Insurance and property taxes $32,000$

Total fixed overhead cost $162,000$

Total factory overhead cost $$418,000$

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 $18,000,20,000,$ and $22,000$ hours of production. Enter all amounts as positive numbers. Round your interim computations to the nearest cent, if required.