Using the following information, prepare a factory overhead flexible budget for Andover Company where the total factory...
Using the following information, prepare a factory overhead flexible budget for Andover Company where the total factory overhead cost is $75,500 at normal capacity (100%). Include capacity at 75%, 90%, 100%, and 110%. Total variable cost is $6.25 per unit and total fixed costs are $38,000. The information is for month ended August 31. (Hint: Determine units produced at normal capacity.)
| Andover Company | ||||
| Factory Overhead Cost Budget | ||||
| For the Month Ending August 31 | ||||
| Percent of normal capacity | % | % | % | % |
| Units produced | ||||
| Variable costs per unit $6.25 | $ | $ | $ | $ |
| Fixed costs | ||||
| Total factory overhead cost | $ | $ | $ | $ |
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Using the following information, prepare a factory overhead flexible budget for Andover Company where the total factory...
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 18,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor $142,200 Power and light 7,020 Indirect materials 46,800 Total variable overhead cost $196,020 Fixed overhead costs: Supervisory salaries $68,610 Depreciation of plant and equipment 43,120 Insurance and property taxes 27,440 Total fixed overhead cost 139,170 Total factory...
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 20,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor $180,000 Power and light Indirect materials 12,000 64,000 Total variable overhead cost $256,000 Fixed overhead costs: Supervisory salaries $ 80,000 50,000 Depreciation of plant and equipment Insurance and property taxes 32,000 Total fixed overhead cost 162,000 Total...
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 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor Power and light $144,000 6,480 45,000 $195,480 Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $68,420 43,010 27,370 Total fixed overhead cost 138,800 Total factory...
Required information Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead...
Required information Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, C2 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.6 hrs. $11.00 per hr.) Overhead (1.6 hrs. @ $18.50 per hr.) Total standard cost $20.00 17.60 29.60 567.20 The predetermined overhead rate ($18.50 per...
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 15,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $121,500 Power and light 6,450 Indirect materials 43,500 Total variable overhead cost $171,450 Fixed overhead cost: Supervisory salaries $60,010 Depreciation of plant and equipment 37,720 Insurance and property taxes 24,000 Total fixed overhead cost 121,730 Total factory...
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 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $165,600 Power and light 7,020 Indirect materials 48,600 Total variable overhead cost $221,220 Fixed overhead cost: Supervisory salaries $77,430 Depreciation of plant and equipment 48,670 Insurance and property taxes 30,970 Total fixed overhead cost 157,070 $378,290 Total...
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 18,000 hours of productive capacity in the department: $162,000 5,400 55,800 $223,200 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Total factory overhead cost $78,120 49,100...
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 14,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $109,200 Power and light 4,480 Indirect materials 44,800 Total variable overhead cost $158,480 Fixed overhead cost: Supervisory salaries $55,470 Depreciation of plant and equipment 34,870 Insurance and property taxes 22,190 Total fixed overhead cost 112,530 Total factory...
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 Department for October of the current year, during which it expected to require 9,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $88,200 Power and light 2,610 Indirect materials 26,100 Total variable overhead cost $116,910 Fixed overhead cost: Supervisory salaries $40,920 Depreciation of plant and equipment 25,720 Insurance...
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 $99,600 Power and light 5,640 Indirect materials 36,000 Total variable overhead cost $141,240 Fixed overhead cost: Supervisory salaries $49,430 Depreciation of plant and equipment 31,070 Insurance and property taxes 19,770 Total fixed overhead cost 100,270 Total factory...
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 20,000 hours of productive capacity in the department: Variable overhead costs: Indirect factory labor $180,000 Power and light Indirect materials 12,000 64,000 Total variable overhead cost $256,000 Fixed overhead costs: Supervisory salaries $ 80,000 50,000 Depreciation of plant and equipment Insurance and property taxes 32,000 Total fixed overhead cost 162,000 Total...
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 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor Power and light $144,000 6,480 45,000 $195,480 Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $68,420 43,010 27,370 Total fixed overhead cost 138,800 Total factory...
Required information Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, C2 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.6 hrs. $11.00 per hr.) Overhead (1.6 hrs. @ $18.50 per hr.) Total standard cost $20.00 17.60 29.60 567.20 The predetermined overhead rate ($18.50 per...
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 15,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $121,500 Power and light 6,450 Indirect materials 43,500 Total variable overhead cost $171,450 Fixed overhead cost: Supervisory salaries $60,010 Depreciation of plant and equipment 37,720 Insurance and property taxes 24,000 Total fixed overhead cost 121,730 Total factory...
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 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $165,600 Power and light 7,020 Indirect materials 48,600 Total variable overhead cost $221,220 Fixed overhead cost: Supervisory salaries $77,430 Depreciation of plant and equipment 48,670 Insurance and property taxes 30,970 Total fixed overhead cost 157,070 $378,290 Total...
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 18,000 hours of productive capacity in the department: $162,000 5,400 55,800 $223,200 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Total factory overhead cost $78,120 49,100...
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 Department for October of the current year, during which it expected to require 9,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $88,200 Power and light 2,610 Indirect materials 26,100 Total variable overhead cost $116,910 Fixed overhead cost: Supervisory salaries $40,920 Depreciation of plant and equipment 25,720 Insurance...
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