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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 17,000 hours of productive capacity in the department:
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 17,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor $132,600 Power and light 6,800 Indirect materials 54,400 Total variable overhead cost $ 193,800 Fixed overhead costs: Supervisory salaries $67,830 Depreciation of plant and equipment 42,640 Insurance and property taxes 27,130 Total fixed overhead cost 137,600 Total factory overhead cost $331,400 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 15,000, 17,000, and 19,000 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 For the Month Ended November 30 Direct labor hours 15,000 17,000 19,000 Variable overhead costs: Indirect factory labor Power and light Indirect materials Total variable factory overhead Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead Total factory overheadStep by Step Solution
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