Factory Overhead Cost Budget Sweet Tooth Company budgeted the following costs fo
ID: 2511149 • Letter: F
Question
Factory Overhead Cost Budget
Sweet Tooth Company budgeted the following costs for anticipated production for August:
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Advertising expenses $254,640 Manufacturing supplies 13,960 Power and light 41,620 Sales commissions 275,110 Factory insurance 24,240 Production supervisor wages 122,430 Production control wages 31,830 Executive officer salaries 259,540 Materials management wages 35,010 Factory depreciation 19,830Explanation / Answer
Sweet Tooth Company Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Manufacturing supplies 13960 Power and light 41620 Production supervisor wages 122430 Production control wages 31830 Materials management wages 35010 Total variable factory overhead costs 244850 Fixed factory overhead costs: Factory insurance 24240 Factory depreciation 19830 Total fixed factory overhead costs 44070 Total factory overhead costs 288920
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