Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following co
ID: 2521769 • Letter: F
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 $277,970 Manufacturing supplies 15,230 Power and light 45,440 Sales commissions 310,790 Factory insurance 26,460 Production supervisor wages 133,640 Production control wages 34,750 Executive officer salaries 283,320 Materials management wages 38,220 Factory depreciation 21,650Explanation / Answer
Sweet tooth candy company
Factory overhead cost budget
For the month ending 31 august
Variable factory overhead cost:
Manufacturing supplies $15,230
Power and light $45,440
Production supervisor wages $133,640
Production control wages $34,750
Material management wages $38,220
Total variable factory overhead cost $2,67,280
Fixed factory overhead cost:
Factory insurance $26,460
Factory depreciation $21,650
Total fixed factory overhead cost $48,110
Total factory overhead cost $2,19,170
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