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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
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 15,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor Power and light $118,500 4,950 42,000 Indirect materials Total variable overhead cost $165,450 Fixed overhead costs: Supervisory salaries Depreciation of plant and equipment $57,910 36,400 23,160 Insurance and property taxes Total fixed overhead cost 117,470 Total factory overhead cost $282,920 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 13,000, 15,000, and 17,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. 17,000 Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 13,000 15,000 Variable overhead costs: Indirect factory labor $ 118,500 $ Power and light Indirect materials 42,000 Total variable factory overhead $ $ 165,450 $ Fixed factory overhead costs: Supervisory salaries $57,910 $ Depreciation of plant and equipment 36,400 Insurance and property taxes 23,160 Total fixed factory overhead $ WU 117,470 Total factory overhead
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