Leno Manufacturing CompanyFactory Overhead Cost Budget-Press DepartmentFor the Month Ended November 30Direct labor hoursVariable overhead costs:Indirect factory laborPower and lightIndirect materialsTotal variable factory overheadFixed factory overhead costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed factory overheadTotal factory overhead$$18,000 20,000 22,000 Flexible Overhead BudgetLeno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require20,000 hours of productive capacity in the department:Variable overhead costs:Indirect factory laborPower and lightIndirect materialsTotal variable overhead costFixed overhead costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed overhead costTotal factory overhead cost$180,00012,00064,000$ 80,00050,00032,000$256,000162,000$418,000Assuming 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 18,000,20,000, and 22,000 hours of production. Enter all amounts as positive numbers. Round your interim computations to the nearest cent, if required.

Name: Leno Manufacturing CompanyFactory Overhead Cost Budget-Press Departme
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Description: Leno Manufacturing CompanyFactory Overhead Cost Budget-Press DepartmentFor the Month Ended November 30Direct labor hoursVariable overhead costs:Indirect factory laborPower and lightIndirect materialsTotal variable factory overheadFixed factory overh

Variable Overheads are the product costs which change with the change in output, i.e. increases with…

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Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 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 $ $ 18,000 20,000 22,000

Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 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 $ $ 18,000 20,000 22,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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