Factory Overhead Cost Budget

Venus Candy Company budgeted the following costs for anticipated production for July 2016:

Advertising expenses	$276,950
Manufacturing supplies	15,180
Power and light	45,270
Sales commissions	309,650
Factory insurance	26,360
Production supervisor wages	133,150
Production control wages	34,620
Executive officer salaries	282,280
Materials management wages	38,080
Factory depreciation	21,570

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	$
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		$