Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 17,000 hours of productive capacity in the department: 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 $125,800 6,800 39,100 $60,090 37,770 24,040 $171,700 121,900 $293,600 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 15,000, 17,000, and 19,000 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 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 15,000 17,000 19,000 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 17,000 hours of productive capacity in the department: 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 $125,800 6,800 39,100 $60,090 37,770 24,040 $171,700 121,900 $293,600 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 15,000, 17,000, and 19,000 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 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 15,000 17,000 19,000
Expert Answer:
Answer rating: 100% (QA)
Question In given question we will use the expression ... View the full answer
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Posted Date:
Students also viewed these accounting questions
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
Prepare the Statement of Cashflow using the INDIRECT METHOD as at 29 February 2021. Show all the necessary workings. Statement of Comprehensive Income for the year ended 28 February 2021 R Revenue...
-
You are required to study the information provided below concerning a Namibian listed company called Deep Yellow Limited, that operates in the mining industry. You should compile a report based on...
-
You are attempting to arrive at what the monthly rate of change that has recently occurred in the real estate market. In doing some market research, you find two properties that have sold twice...
-
As described in the chapter, the abnormal earnings approach for estimating common share value is where P0 is the total value of all outstanding shares, BV0 is the current book value of stock-holders...
-
For a science experiment you need to electroplate a 100-nm-thick zinc coating onto both sides of a very thin, 2.0 cm x 2.0 cm copper sheet. You know that the charge carriers in the ionic solution are...
-
Assume the following exceptions to prescribed control procedures over sales transactions occurred in the Lane Company: 1. A shipment to a bona fide customer was not billed. 2. A sales invoice was...
-
Solitaire Machinery is a Swiss multinational manufacturing company. Currently, Solitaires financial planners are considering undertaking a 1-year project in the United States. The projects expected...
-
1. What is a ceramic? 2. What is the difference between the traditional ceramics and the new ceramics? 3. What are the general mechanical properties of ceramic materials? 4. What are the general...
-
Categorize each of the following characteristics as being more representative of either traditional manufacturing or lean production. 1. Quality tends to be inspected-in rather than built-in. 2....
-
design and code several class templates and test them on different instantiations. Learning Outcomes Upon successful completion of this workshop, you will have demonstrated the abilities to: design...
-
Evaluate the function f(x)=-8(x-2)+x and find f(2).
-
How well does south korea's Corporate Governance Practices comply with the OECD Corporate Governance principles?
-
How can financial indicators can provide a clear understanding of the direct impact of EMI on the company's bottom line, making a compelling case for the return on investment?
-
What is the type of document summarizes income and expense activity over a specified period and shows net profit or loss?
-
Offering respectful feedback on their logic model as if you were a member of their work group. Identify strengths and potential weaknesses in the assumptions or areas that may require additional...
-
You are considering the purchase of 1000 ordinary shares in CBA Bank Ltd. CBA is a commercial bank predominantly operating in Australia and New Zealand. CBA only pays a dividend once a year to...
-
A Bloomberg Businessweek subscriber study asked, In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often? A second question asked if the type of...
-
The following table shows figures for a week's production. What is the actual amount of production in the week? A. 9000 units B. 9167 units C. 11,000 units D. 13,000 units. Expected production 10 000...
-
Identify the two concepts that apply to the provision for unrealised profit.
-
A partnership has been dissolved and 315 000 is left in the bank. How should this be distributed between the partners? A. According to the last agreed balances on their capital accounts B. According...
-
The tube is subjected to a torque of 750 N. m. Determine the amount of this torque that is resisted by the gray shaded section. Solve the problem two ways: (a) by using the torsion formula, (b) by...
-
The solid shaft has a diameter of 0.75 in. If it is subjected to the torques shown, determine the maximum shear stress developed in regions BC and DE of the shaft. The bearings at A and F allow free...
-
The solid shaft has a diameter of 0.75 in. If it is subjected to the torques shown, determine the maximum shear stress developed in regions CD and EF of the shaft. The bearings at A and F allow free...
Study smarter with the SolutionInn App