Overhead Budget

As part of the budgeting process, Northview Corporations CFO is developing the overhead budget for next year for its Evans Division. The division estimates that it will manufacture 150,000 units during the year. The budgeted cost information follows:

	Variable Rate per Unit		Fixed Costs
Indirect materials	$ 1.00
Indirect labor	4.00
Supplies	0.40
Repairs and maintenance	3.00		$ 50,000
Electricity	0.10		120,000
Factory supervision			160,000
Insurance			25,000
Property taxes			25,000
Depreciationmachinery			82,000
Depreciationbuilding			72,000

Hide

Using these data, prepare the division's overhead budget for next year. Enter all amounts as positive numbers.

Northview Corporation
Evans Division Overhead Budget
For the Year Ended December 31
Variable overhead costs
Indirect materials		$
Indirect labor
Supplies
Repairs and maintenance
Electricity
Total variable overhead costs				$
Fixed overhead costs
Repairs and maintenance		$
Electricity
Factory supervision
Insurance
Property taxes
Depreciation, machinery
Depreciation, building
Total fixed overhead costs
Total overhead costs				$