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Business, 24.04.2020 18:09 idcatall5

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 cost:
Indirect factory labor $180,000
Power and light 12,000
Indirect materials 64,000
Total variable overhead cost $256,000
Fixed overhead cost:
Supervisory salaries $ 80,000
Depreciation of plant and equipment 50,000
Insurance and property taxes 32,000
Total fixed overhead cost 162,000
Total factory overhead cost $418,000
Required:
1. 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 18,000, 20,000, and 22,000 hours of production. Enter all amounts as positive numbers. Round your interim computations to the nearest cent, if required.

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