EX 6-15 Factory overhead cost budget Blondie Candy C 2012: ompany budgeted the f

Question

EX 6-15 Factory overhead cost budget Blondie Candy C 2012: ompany budgeted the following costs for anticipated production for July ad Advertising expenses Manufacturing supplies Power and light Sales commission:s Factory insurance $245,000 12,000 41,000 285,000 Production supervisor wages Production control wages Executive officer salaries Materials management wages $126,000 29,000 272,000 34,000 20,000 25,000 Factory depreciation Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs

Explanation / Answer

OVERHEAD COST WITH BIFURCATION OF VARIABLE AND FIXED EXPENSES Amount Amount Variable Expenses Advertising Expenses $          2,45,000 Manfacturing suppplies $              12,000 Power and light $              41,000 Sales Commissions $          2,85,000 Production supervisors wages $          1,26,000 Production control wages $              29,000 Material management wages $              34,000 $        7,72,000 Fixed Expenses Factory Insurance $              25,000 Executive officer salaries $          2,72,000 Factory Depreciation $              20,000 $        3,17,000 TOTAL $      10,89,000

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