Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expect require 15,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $121,500 Power and light 6,900 Indirect materials 43,500 Total variable overhead cost $171,900 Fixed overhead cost: Supervisory salaries $60,160 Depreciation of plant and equipment 37,820 Insurance and property taxes 24,070 Total fixed overhead cost 122,050 $293,950 Total factory overhead cost 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 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable factory overhead Fixed factory overhead cost: 13,000 15,000 17,000

Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expect require 15,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $121,500 Power and light 6,900 Indirect materials 43,500 Total variable overhead cost $171,900 Fixed overhead cost: Supervisory salaries $60,160 Depreciation of plant and equipment 37,820 Insurance and property taxes 24,070 Total fixed overhead cost 122,050 $293,950 Total factory overhead cost 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 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable factory overhead Fixed factory overhead cost: 13,000 15,000 17,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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