In: Accounting
Factory Overhead Cost Budget
Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:
Advertising expenses | $277,970 |
Manufacturing supplies | 15,230 |
Power and light | 45,440 |
Sales commissions | 310,790 |
Factory insurance | 26,460 |
Production supervisor wages | 133,640 |
Production control wages | 34,750 |
Executive officer salaries | 283,320 |
Materials management wages | 38,220 |
Factory depreciation | 21,650 |
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Sweet Tooth Candy Company | ||
Factory Overhead Cost Budget | ||
For the Month Ending August 31 | ||
Variable factory overhead costs: | ||
$ | ||
Total variable factory overhead costs | $ | |
Fixed factory overhead costs: | ||
$ | ||
Total fixed factory overhead costs | ||
Total factory overhead costs | $ |
Sweet tooth candy company
Factory overhead cost budget
For the month ending 31 august
Variable factory overhead cost:
Manufacturing
supplies
$15,230
Power and
light
$45,440
Production supervisor
wages
$133,640
Production control
wages
$34,750
Material management
wages
$38,220
Total variable factory overhead
cost
$2,67,280
Fixed factory overhead cost:
Factory
insurance
$26,460
Factory
depreciation
$21,650
Total fixed factory overhead
cost
$48,110
Total factory overhead
cost
$2,19,170