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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Factory overhead cost budget

Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:

Advertising expenses $232,000 Production supervisor wages $135,000
Manufacturing supplies 14,000 Production control wages 32,000
Power and light 48,000 Executive officer salaries 310,000
Sales commissions 298,000 Materials management wages 39,000
Factory insurance 30,000 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

To determine

Budgeting is a process to prepare the financial statement by the manager to estimate the organization’s future actions. It is also helpful to satisfy the everyday activities.

To Prepare: The factory overhead cost budget of Company’s.

Explanation

The following table shows the factory overhead cost budget.

...
Company S
Factory Overhead Cost Budget
For The Month Ending August 31
Particulars Amount ($) Amount ($)
Variable factory overhead costs:    
Manufacturing supplies 14,000  
Power and light 48,000  
Production supervisor wages 135,000  

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