Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following co

Question

Factory Overhead Cost Budget

Sweet Tooth Candy 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 $277,660 Manufacturing supplies 15,220 Power and light 45,390 Sales commissions 310,440 Factory insurance 26,430 Production supervisor wages 133,490 Production control wages 34,710 Executive officer salaries 283,000 Materials management wages 38,170 Factory depreciation 21,630

Explanation / Answer

Variable factory Oh Amount ($) Manufacturing supplies 15,220 Power and light 45,390 Production supervisor wages 133,490 Production control wages 34,710 Materials management wages 38,170 Total Variable factory OH 266,980 Fixed factory OH costs Factory insurance 26,430 Factory depreciation 21,630 TOTAL Fixed factory OH costs 48,060 Total Factory OH costs 315,040

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