Question
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
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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 it expected to require 20,000 hours of productive capacity in the department:
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.
Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 18,000 20,000 22,000 Variable overhead costs: Indirect factory labor $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Power and light fill in the blank 4 fill in the blank 5 fill in the blank 6 Indirect materials fill in the blank 7 fill in the blank 8 fill in the blank 9 Total variable factory overhead $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Fixed factory overhead costs: Supervisory salaries $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Depreciation of plant and equipment fill in the blank 16 fill in the blank 17 fill in the blank 18 Insurance and property taxes fill in the blank 19 fill in the blank 20 fill in the blank 21 Total fixed factory overhead $fill in the blank 22 $fill in the blank 23 $fill in the blank 24 Total factory overhead $fill in the blank 25 $fill in the blank 26 $fill in the blank 27
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