Factory Overhead Cost Budget Toot Sweet Company budgeted the following costs for anticipated production for August: Advertising expenses $270,080 Manufacturing supplies 14,800 Power and light 44,150 Sales commissions 301,970 Factory insurance 25,710 Production supervisor wages 129,850 Production control wages 33,760 Executive officer salaries 275,270 Materials management wages 37,130 Factory depreciation 21,030 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Toot Sweet CompanyFactory Overhead Cost BudgetFor the Month Ending August 31 Variable factory overhead costs: Manufacturing supplies $ Power and light Production supervisor wages Production control wages Materials management wages Total variable factory overhead costs $ fill in the blank Fixed factory overhead costs: Factory insurance $ Factory depreciation Total fixed factory overhead costs fill in the blank Total factory overhead costs $ fill in the blank
Factory Overhead Cost Budget Toot Sweet Company budgeted the following costs for anticipated production for August: Advertising expenses $270,080 Manufacturing supplies 14,800 Power and light 44,150 Sales commissions 301,970 Factory insurance 25,710 Production supervisor wages 129,850 Production control wages 33,760 Executive officer salaries 275,270 Materials management wages 37,130 Factory depreciation 21,030 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Toot Sweet CompanyFactory Overhead Cost BudgetFor the Month Ending August 31 Variable factory overhead costs: Manufacturing supplies $ Power and light Production supervisor wages Production control wages Materials management wages Total variable factory overhead costs $ fill in the blank Fixed factory overhead costs: Factory insurance $ Factory depreciation Total fixed factory overhead costs fill in the blank Total factory overhead costs $ fill in the blank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Factory
Toot Sweet Company budgeted the following costs for anticipated production for August:
| Advertising expenses | $270,080 |
| Manufacturing supplies | 14,800 |
| Power and light | 44,150 |
| Sales commissions | 301,970 |
| Factory insurance | 25,710 |
| Production supervisor wages | 129,850 |
| Production control wages | 33,760 |
| Executive officer salaries | 275,270 |
| Materials management wages | 37,130 |
| Factory |
21,030 |
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed
| Variable factory overhead costs: | ||
|
Manufacturing supplies
|
$ | |
|
Power and light
|
||
|
Production supervisor wages
|
||
|
Production control wages
|
||
|
Materials management wages
|
||
| Total variable factory overhead costs | $ fill in the blank | |
| Fixed factory overhead costs: | ||
|
Factory insurance
|
$ | |
|
Factory depreciation
|
||
| Total fixed factory overhead costs | fill in the blank | |
| Total factory overhead costs | $ fill in the blank |
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