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Sweet Tooth Candy Company budgeted the following costs for anticipated productio

ID: 2573081 • Letter: S

Question

Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising expenses Manufacturing supplies Power and light Sales commissions Factory insurance Production supervisor wages Production control wages Executive officer salaries Materials management wages Factory depreciation $296,770 16,270 48,510 328,000 28,250 142,680 37,100 302,480 40,800 23,110 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

Explanation / Answer

Sweet Tooth Candy Company Factory Overhead Cost Budget For the month Ending August 31 Variable factory overhead costs: Manufacturing supplies 16270 Power & light 48510 Production supervisor wages 142680 Production control wages 37100 Material management wages 40800 Total Variable factory overhead costs 285360 Fixed factory overhead costs: Factory insurance 28250 Factory depreciation 23110 Total Fixed factory overhead costs 51360 Total factory overhead costs 336720