Factory Overhead Cost Budget Venus Candy Company budgeted the following costs fo
ID: 2518290 • Letter: F
Question
Factory Overhead Cost Budget
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 $258,720 Manufacturing supplies 14,180 Power and light 42,290 Sales commissions 285,940 Factory insurance 24,630 Production supervisor wages 124,390 Production control wages 32,340 Executive officer salaries 263,700 Materials management wages 35,570 Factory depreciation 20,150Explanation / Answer
Venus Candy company Factory overhead cost budget Variable Factory overhead cost manufacturing supplies 14,180 power and light 42,290 production supervisors wages 124,390 production control wages 32,340 materials management wages 35,570 total variable factory overhead costs 248,770 fixed factory overhead costs factory insurance 24,630 Factory depreciation 20,150 total fixed factory overhead costs 44,780 total factory overhead costs 293,550
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.