Question

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 12,000 hours of productive capacity in the department:

Variable overhead cost:
   Indirect factory labor $87,600
   Power and light 5,280
   Indirect materials 38,400
      Total variable overhead cost $131,280
Fixed overhead cost:
   Supervisory salaries $45,950
   Depreciation of plant and equipment 28,880
   Insurance and property taxes 18,380
      Total fixed overhead cost 93,210
Total factory overhead cost $224,490

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 10,000, 12,000, and 14,000 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 10,000 12,000 14,000
Variable overhead cost:
Indirect factory labor $ $ $
Power and light
Indirect materials
Total variable factory overhead $ $ $
Fixed factory overhead cost:
Supervisory salaries $ $ $
Depreciation of plant and equipment
Insurance and property taxes
Total fixed factory overhead $ $ $
Total factory overhead cost $ $ $

Homework Answers

Answer #1
Leno Manufacturing Company
Factory Overhead Cost Budget-Press Department
For the Month Ended November 30
Direct labor hours 10,000 12,000 14,000
Variable overhead cost:
Indirect factory labor 73000 87600 102200
Power and light 4400 5280 6160
Indirect materials 32000 38400 44800
Total variable factory overhead 109400 131280 153160
Fixed factory overhead cost:
Supervisory salaries 45950 45950 45950
Depreciation of plant and equipment 28880 28880 28880
Insurance and property taxes 18380 18380 18380
Total fixed factory overhead 93210 93210 93210
Total factory overhead cost 202610 224490 246370
Workings:
Per hour
Variable overhead cost:
Indirect factory labor 7.30 =87600/12000
Power and light 0.44 =5280/12000
Indirect materials 3.20 =38400/12000
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