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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 overhead cost | $286,260 |
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 13,000, 15,000, and 17,000 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 | 13,000 | 15,000 | 17,000 |
| 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 | $ | $ | $ |
Solutions
Expert Solution
|
For the Month Ended November 30 |
|||
|
Direct labor hours |
13,000 |
15,000 |
17,000 |
|
Variable overhead costs: |
|||
|
Indirect factory labor |
$102,700 |
$118,500 |
$134,300 |
|
Power and light |
$5,980 |
$6,900 |
$7,820 |
|
Indirect materials |
$36,400 |
$42,000 |
$47,600 |
|
Total variable factory overhead |
$145,080 |
$167,400 |
$189,720 |
|
Fixed factory overhead costs: |
|||
|
Supervisory salaries |
$58,590 |
$58,590 |
$58,590 |
|
Depreciation of plant and equipment |
$36,830 |
$36,830 |
$36,830 |
|
Insurance and property taxes |
$23,440 |
$23,440 |
$23,440 |
|
Total fixed factory overhead |
$118,860 |
$118,860 |
$118,860 |
|
Total factory overhead |
$263,940 |
$286,260 |
$308,580 |
--Working for Variable costs
|
Direct labor hours |
13000 |
15000 |
17000 |
|
Variable overhead costs: |
|||
|
Indirect factory labor |
=118500*13000/15000 |
=118500*15000/15000 |
=118500*17000/15000 |
|
Power and light |
=6900*13000/15000 |
=6900*15000/15000 |
=6900*17000/15000 |
|
Indirect materials |
=42000*13000/15000 |
=42000*15000/15000 |
=42000*17000/15000 |
ekkarill92 answered 1 year agoRelated Solutions
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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:
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Indirect factory labor
$122,200
Power and light
4,160
Indirect materials
35,100
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Supervisory salaries
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Indirect materials
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Total variable overhead
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overhead cost budget for the Press Department for October of the
current year, during which it expected to require 10,000 hours of
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overhead cost budget for the Press Department for October of the
current year, during which it expected to require 10,000 hours of
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Indirect factory labor
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Power and light
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current year, during which it expected to require 13,000 hours of
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