Flexible Overhead Budget Leno Manufacturing Company prepared the following facto

Question

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:

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.

Variable overhead cost:    Indirect factory labor $118,300    Power and light 4,030    Indirect materials 32,500       Total variable overhead cost $154,830 Fixed overhead cost:    Supervisory salaries $54,190    Depreciation of plant and equipment 34,060    Insurance and property taxes 21,680       Total fixed overhead cost 109,930 Total factory overhead cost $264,760

Explanation / Answer

Working Note

Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30

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