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 16,000 hours of productive capacity in the department: Variable overhead costs Indirect factory labor Power and light Indirect materials $118,400 4,480 35,200 Total variable overhead cost $158,080 Fixed overhead costs Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $55,330 34,780 22,130 Total fixed overhead cost 112,240 Total factory overhead cost $270,320 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 14,000, 16,000, and 18,000 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

Explanation / Answer

Manufacturing overhead budget :

Direct labour hour 14000 16000 18000 Variable factory overhead cost Indirect factory labour 103600 118400 133200 Power and light 3920 4480 5040 Indirect material 30800 35200 39600 Total variable factory overhead 138320 158080 177840 Fixed factory overhead cost Supervisory salaries 55330 55330 55330 Depreciation of plant and equipment 34780 34780 34780 Insurance and property taxes 22130 22130 22130 Total fixed factory overhead 112240 112240 112240 Total factory overhead 250560 270320 290080

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