Factory Overhead Cost Budget

Venus Candy Company An accounting device used to plan and control resources of operational departments and divisions.budgeted the following costs for anticipated production for July 2016:

Advertising expenses	$288,860
Manufacturing supplies	15,830
Power and light	47,220
Sales commissions	319,250
Factory insurance	27,500
Production supervisor wages	138,880
Production control wages	36,110
Executive officer salaries	294,420
Materials management wages	39,710
Factory depreciation	22,500

Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.

Venus Candy Company
Factory Overhead Cost Budget
For the Month Ending July 31, 2016
Variable factory overhead costs:
Manufacturing supplies < >Advertising expensesFactory depreciationFactory insuranceManufacturing suppliesSales commissions	$
Power and light < >Advertising expensesExecutive officer salariesFactory depreciationPower and lightSales commissions
Production supervisor wages < >Advertising expensesExecutive officer salariesFactory depreciationFactory insuranceProduction supervisor wages
Production control wages < >Advertising expensesFactory depreciationFactory insuranceProduction control wagesSales commissions
Materials management wages < >Advertising expensesExecutive officer salariesFactory depreciationMaterials management wagesSales commissions
Total variable factory overhead costs		$
Fixed factory overhead costs:
Factory insurance < >Advertising expensesFactory insuranceManufacturing suppliesProduction supervisor wagesSales commissions	$
Factory depreciation < >Advertising expensesExecutive officer salariesFactory depreciationPower and lightProduction supervisor wages
Total fixed factory overhead costs
Total factory overhead costs		$