Anderson Candy Company budgeted the following costs for anticipated production for October: Advertising expenses Manufacturing supplies Power and light $234,000 14,000 50,000 Sales commissions 298,000 Factory insurance 35,000 Production supervisor wages 140,000 Production control wages 32,000 Executive officer salaries 420,000 Materials management wages Factory depreciation 39,000 25,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Anderson Candy Company Factory Overhead Cost Budget For the Month Ending October 31 Line Item Description Amount Amount Variable factory overhead costs: Total variable factory overhead costs Fixed factory overhead costs:
Anderson Candy Company budgeted the following costs for anticipated production for October: Advertising expenses Manufacturing supplies Power and light $234,000 14,000 50,000 Sales commissions 298,000 Factory insurance 35,000 Production supervisor wages 140,000 Production control wages 32,000 Executive officer salaries 420,000 Materials management wages Factory depreciation 39,000 25,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Anderson Candy Company Factory Overhead Cost Budget For the Month Ending October 31 Line Item Description Amount Amount Variable factory overhead costs: Total variable factory overhead costs Fixed factory overhead costs:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Anderson Candy Company budgeted the following costs for anticipated production for October:
Advertising expenses
Manufacturing supplies
Power and light
$234,000
14,000
50,000
Sales commissions
298,000
Factory insurance
35,000
Production supervisor wages
140,000
Production control wages
32,000
Executive officer salaries
420,000
Materials management wages
Factory depreciation
39,000
25,000
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Anderson Candy Company
Factory Overhead Cost Budget
For the Month Ending October 31
Line Item Description
Amount Amount
Variable factory overhead costs:
Total variable factory overhead costs
Fixed factory overhead costs:
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