Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...

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Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Departm Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget f

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Answer 1

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Answer:

Leno Manufacturing Company - Press Department
Factory Overhead Cost Budget—Press Department
For the Month Ended November 30

Direct labour hours	16,000	18,000	20,000
Variable overhead cost:
Indirect factory labour	147200	165600	184000
Power and light	6240	7020	7800
Indirect materials	43200	48600	54000
Total variable overhead cost	196640	221220	245800
Fixed overhead cost:
Supervisory salaries	77430	77430	77430
Depreciation of plant and equipment	48670	48670	48670
Insurance and property taxes	30970	30970	30970
Total fixed overhead cost	157070	157070	157070
Total factory overhead cost	353710	378290	402870

Note:

Here fixed overhead will not change because fixed overhead cost will remain same at any level of production. The only change take place will be in variable cost

Working notes for the above answer is as under

20,000 Leno Manufacturing Company - Press Department Factory Overhead Cost Budget-Press Department For the Month Ended Novemb

E F Leno Manufacturing Company - Press Department Factory Overhead Cost Budget-Press Department For the Month Ended November

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