Question
In: Accounting
When preparing the flexible budget for factory overhead, variable costs may include all but the following:...
When preparing the flexible budget for factory overhead, variable costs may include all but the following:
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Solutions
Expert Solution
Flexible budget alters the budget amounts to reflect actual output levels.
Insurance is a fixed cost and remains the same in flexible budget.
The answer is b.
ekkarill92 answered 2 years agoRelated Solutions
When preparing the flexible budget for factory overhead, variable costs may include all but the following:...
When preparing the flexible budget for factory overhead,
variable costs may include all but the
following:
a. repair costs
b. insurance
c. electricity to run the
machines
d. shop supplies
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...
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 10,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$87,000
Power and light
4,400
Indirect materials
31,000
Total variable overhead
cost
$122,400
Fixed overhead cost:
Supervisory salaries
$42,840
Depreciation of plant and equipment
26,930
Insurance and property taxes
17,140
Total fixed overhead
cost
86,910
Total factory...
1) Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the...
1)
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
$158,400
Power and light
6,120
Indirect materials
46,800
Total variable overhead
cost
$211,320
Fixed overhead cost:
Supervisory salaries
$73,960
Depreciation of plant and equipment
46,490
Insurance and property taxes
29,580
Total fixed overhead
cost
150,030
Total...
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 costs:
Indirect factory labor
$87,300
Power and light
3,780
Indirect materials
27,000
Total variable overhead
cost
$118,080
Fixed overhead costs:
Supervisory salaries
$41,330
Depreciation of plant and equipment
25,980
Insurance and property taxes
16,530
Total fixed overhead
cost
83,840
Total factory...
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