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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
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 13,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $110,500 Power and light 5,590 Indirect materials 40,300 Total variable overhead cost $156,390 Fixed overhead cost: Supervisory salaries $54,740 Depreciation of plant and equipment 34,410 Insurance and property taxes 21,890 Total fixed overhead cost 111,040 Total factory overhead cost $267,430 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 11,000, 13,000, and 15,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers
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