Factory overhead cost budgetAnderson Candy Company budgeted the following costs for anticipated production for October:Advertising expenses$246,000Manufacturing supplies13,480Power and light40,210Sales commissions265,770Factory insurance23,420Production supervisor wages118,270Production control wagesExecutive officer salariesMaterials management wagesFactory depreciationPrepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixedfactory costs.Line Item DescriptionVariable factory overhead costs:Manufacturing suppliesPower and lightAnderson Candy CompanyFactory Overhead Cost BudgetFor the Month Ending October 31Production supervisor wagesProduction control wagesMaterials management wages✓Total variable factory overhead costsFixed factory overhead costs:Factory insuranceFactory depreciation30,750250,73033,83019,160Total fixed factory overhead costsTotal factory overhead costsFeedback✓Amount AmountCheck My WorkShow all of the variable costs and all of the fixed costs.

Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Factory overhead cost budget Anderson Candy Company budgeted the following costs for anticipated production for October: Advertising expenses $246,000 Manufacturing supplies 13,480 Power and light 40,210 Sales commissions 265,770 Factory insurance 23,420 Production supervisor wages 118,270 Production control wages 30,750 Executive officer salaries 250,730 Materials management wages 33,830 Factory depreciation 19,160 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 Amount Line Item Description Variable factory overhead costs: Manufacturing supplies Power and light Production supervisor wages Production control wages Materials management wages Total variable factory overhead costs Fixed factory overhead costs: Factory insurance Factory depreciation Total fixed factory overhead costs Total factory overhead costs Amount

Factory overhead cost budget Anderson Candy Company budgeted the following costs for anticipated production for October: Advertising expenses $246,000 Manufacturing supplies 13,480 Power and light 40,210 Sales commissions 265,770 Factory insurance 23,420 Production supervisor wages 118,270 Production control wages 30,750 Executive officer salaries 250,730 Materials management wages 33,830 Factory depreciation 19,160 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 Amount Line Item Description Variable factory overhead costs: Manufacturing supplies Power and light Production supervisor wages Production control wages Materials management wages Total variable factory overhead costs Fixed factory overhead costs: Factory insurance Factory depreciation Total fixed factory overhead costs Total factory overhead costs Amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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