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Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October...
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 14,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor $130,200 Power and light 6,300 Indirect materials 40,600 Total variable overhead cost $177,100 Fixed overhead costs: Supervisory salaries $61,990 Depreciation of plant and equipment 38,960 Insurance and property taxes 24,790 Total fixed overhead cost 125,740 Total factory overhead cost $302,840 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 12,000, 14,000, and 16,000 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 12,000 14,000 16,000 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 overhead $ $ $ ?
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| Flexible Budget | |||
| Hours | 12000 | 14000 | 16000 |
| Variable Costs | |||
| Indirect Factory Labor | $ 1,11,600 | $ 1,30,200 | $ 1,48,800 |
| Power and Light | $ 5,400 | $ 6,300 | $ 7,200 |
| Indirect Material | $ 34,800 | $ 40,600 | $ 46,400 |
| Total Variable Costs | $ 1,51,800 | $ 1,77,100 | $ 2,02,400 |
| Fixed Overhead Costs | |||
| Supervisory Salaries | $ 61,990 | $ 61,990 | $ 61,990 |
| Depreciation | $ 38,960 | $ 38,960 | $ 38,960 |
| Insurance and Property Taxes | $ 24,790 | $ 24,790 | $ 24,790 |
| Total Fixed Overhead Costs | $ 1,25,740 | $ 1,25,740 | $ 1,25,740 |
| Total Factory Overhead | $ 2,77,540 | $ 3,02,840 | $ 3,28,140 |
ekkarill92 answered 2 years agoRelated Solutions
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October...
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 10,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$76,000
Power and light
4,400
Indirect materials
26,000
Total variable overhead
cost
$106,400
Fixed overhead cost:
Supervisory salaries
$37,240
Depreciation of plant and equipment
23,410
Insurance and property taxes
14,900
Total fixed overhead
cost
75,550
Total factory overhead cost
$181,950...
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October...
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 18,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$165,600
Power and light
5,400
Indirect materials
54,000
Total variable overhead
cost
$225,000
Fixed overhead cost:
Supervisory salaries
$78,750
Depreciation of plant and equipment
49,500
Insurance and property taxes
31,500
Total fixed overhead
cost
159,750
Total factory overhead cost
$384,750...
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October...
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 8,000 hours of
productive capacity in the department: Variable overhead cost:
Indirect factory labor $70,400 Power and light 2,400 Indirect
materials 19,200 Total variable overhead cost $92,000 Fixed
overhead cost: Supervisory salaries $32,200 Depreciation of plant
and equipment 20,240 Insurance and property taxes 12,880 Total
fixed overhead cost 65,320 Total factory overhead cost $157,320...
1. Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for...
1.
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 10,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$76,000
Power and light
4,000
Indirect materials
33,000
Total variable overhead
cost
$113,000
Fixed overhead cost:
Supervisory salaries
$39,550
Depreciation of plant and equipment
24,860
Insurance and property taxes
15,820
Total fixed overhead
cost
80,230
Total factory overhead cost...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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 18,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$165,600
Power and light
5,760
Indirect materials
46,800
Total variable overhead
cost
$218,160
Fixed overhead cost:
Supervisory salaries
$76,360
Depreciation of plant and equipment
48,000
Insurance and property taxes
30,540
Total fixed overhead
cost
154,900
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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 9,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$76,500
Power and light
2,790
Indirect materials
21,600
Total variable overhead
cost
$100,890
Fixed overhead cost:
Supervisory salaries
$35,310
Depreciation of plant and equipment
22,200
Insurance and property taxes
14,120
Total fixed overhead
cost
71,630
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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 14,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$133,000
Power and light
6,440
Indirect materials
30,800
Total variable overhead
cost
$170,240
Fixed overhead cost:
Supervisory salaries
$59,580
Depreciation of plant and equipment
37,450
Insurance and property taxes
23,830
Total fixed overhead
cost
120,860
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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 13,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$122,200
Power and light
4,160
Indirect materials
35,100
Total variable overhead
cost
$161,460
Fixed overhead cost:
Supervisory salaries
$56,510
Depreciation of plant and equipment
35,520
Insurance and property taxes
22,600
Total fixed overhead
cost
114,630
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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
$118,500
Power and light
6,900
Indirect materials
42,000
Total variable overhead
cost
$167,400
Fixed overhead costs:
Supervisory salaries
$58,590
Depreciation of plant and equipment
36,830
Insurance and property taxes
23,440
Total fixed overhead
cost
118,860
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
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...
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