Factory Overhead Cost Budget

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

Advertising expenses	$266,310
Manufacturing supplies	14,600
Power and light	43,530
Sales commissions	297,750
Factory insurance	25,350
Production supervisor wages	128,040
Production control wages	33,290
Executive officer salaries	271,430
Materials management wages	36,610
Factory depreciation	20,740

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		$