budgeted the following costs for anticipated production for July 2008. Advertisi

Question

budgeted the following costs for anticipated production for July 2008. Advertising expenses $275,000 Manufacturing supplies 14,000 Power and light 42,000 Sales Commissions 290,000 Factory Insurance 23,000 Production Supervisor Wages $125,000 Production control salaries 33,000 Executive officer salaries 205,000 Material management salaries 29,000 Factory depreciation 17,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs

Explanation / Answer

Manufacturing exp $14,000 Power and light $42,000 Production supervisor wages $125,000 Production control salaries $33,000 Fixed Factory insurance $23,000 Factory depreciation $17,000 The rest are selling and administration expenses. Advertising exp $275,000 Sales commissions $290,000 Executive officer salaries $205,000 Materials management salaries $29,000

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