Ask Question
25 July, 06:32

Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising expenses $232,000 Manufacturing supplies 14,000 Power and light 48,000 Sales commissions 298,000 Factory insurance 30,000 Production supervisor wages 135,000 Production control wages 32,000 Executive officer salaries 310,000 Materials management wages 39,000 Factory depreciation 22,000 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

+2
Answers (1)
  1. 25 July, 06:58
    0
    Total factory overhead costs $ 281,000

    Variable factory overhead costs: $ 229,000

    Fixed factory overhead costs: $ 52,000

    Explanation:

    Sweet Tooth Candy Company

    Factory Overhead Cost Budget

    For the Month Ending August 31

    Variable factory overhead costs: $ 229,000

    Manufacturing supplies 14,000

    Power and light 48,000

    Production supervisor wages 135,000

    Production control wages 32,000

    Total variable factory overhead costs $ 229,000

    Fixed factory overhead costs: $ 52,000

    Factory insurance 30,000

    Factory depreciation 22,000

    Total fixed factory overhead costs $ 52,000

    Total factory overhead costs $ 281,000

    1) The following are not included in the factory Overheads as they are related to the Administration and Sales Department.

    Advertising expenses $232,000

    Sales commissions 298,000

    Executive officer salaries 310,000

    2) The following is Direct labor and is not included in the factory overhead costs.

    Materials management wages 39,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers