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 15,000 hours of productive capacity in the department:
Variable overhead cost: | ||
Indirect factory labor | $139,500 | |
Power and light | 5,250 | |
Indirect materials | 43,500 | |
Total variable overhead cost | $188,250 | |
Fixed overhead cost: | ||
Supervisory salaries | $65,890 | |
Depreciation of plant and equipment | 41,420 | |
Insurance and property taxes | 26,360 | |
Total fixed overhead cost | 133,670 | |
Total factory overhead cost | $321,920 |
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 | 13,000 | 15,000 | 17,000 |
Variable overhead cost: | |||
Indirect factory labor | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
Power and light | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 |
Indirect materials | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 |
Total variable factory overhead | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 |
Fixed factory overhead cost: | |||
Supervisory salaries | $fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 |
Depreciation of plant and equipment | fill in the blank 16 | fill in the blank 17 | fill in the blank 18 |
Insurance and property taxes | fill in the blank 19 | fill in the blank 20 | fill in the blank 21 |
Total fixed factory overhead | $fill in the blank 22 | $fill in the blank 23 | $fill in the blank 24 |
Total factory overhead cost | $fill in the blank 25 | $fill in the blank 26 | $fill in the blank 27 |
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