Venus Candy Company budgeted the following costs for anticipated production for
ID: 2542598 • Letter: V
Question
Venus Candy Company budgeted the following costs for anticipated production for July 2014:
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Venus Candy Company
Factory Overhead Cost Budget
For the Month Ending July 31, 2014
Variable factory overhead costs:
$
Total variable factory overhead costs
$
Fixed factory overhead costs:
$
Total fixed factory overhead costs
Total factory overhead costs
$
Advertising expenses $276,970 Manufacturing supplies 15,180 Power and light 45,270 Sales commissions 309,670 Factory insurance 26,370 Production supervisor wages 133,160 Production control wages 34,620 Executive officer salaries 282,300 Materials management wages 38,090 Factory depreciation 21,570Explanation / Answer
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Variable factory overhead costs: Manufacturing supplies 15180 Power and light 45270 Production supervisor wages 133160 Production control wages 34620 Materials management wages 38090 Total variable factory overhead costs 266320 Fixed factory overhead costs: Factory insurance 26370 Factory depreciation 21570 Total fixed factory overhead costs 47940 Total factory overhead costs 314260Related Questions
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