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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 11,000 hours of productive capacity in the department:

Variable overhead costs:
   Indirect factory labor $106,700
   Power and light 4,400
   Indirect materials 29,700
      Total variable overhead cost $140,800
Fixed overhead costs:
   Supervisory salaries $49,280
   Depreciation of plant and equipment 30,980
   Insurance and property taxes 19,710
      Total fixed overhead cost 99,970
Total factory overhead cost $240,770

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 9,000, 11,000, and 13,000 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 9,000 11,000 13,000
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 $ $ $

Homework Answers

Answer #1
factory Overheads Budget
Budgeted DLH 9000 11000 13000
Variable overheads cost:
Indirect factory labor 87300 106700 126100
Power and light 3600 4400 5200
Indirect material 24300 29700 35100
Total Variable factory overheads 115200 140800 166400
Fixed factroy overheads cost:
Supervisory salaries 49280 49280 49280
Depreciation on Plant and Machinery 30980 30980 30980
Insurance and Property taxes 19710 19710 19710
Total Fixed factory overheads 99970 99970 99970
Total factory overheads 215170 240770 266370
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