Fresh Mint Candy Company budgeted the following costs for anticipated production for July 2008:
|
Advertising expenses |
$275,000 |
Production supervisor wages |
$125,000 |
|
Manufacturing supplies |
14,000 |
Production control salaries |
33,000 |
|
Power and light |
42,000 |
Executive officer salaries |
205,000 |
|
Sales commissions |
290,000 |
Materials management salaries |
29,000 |
|
Factory insurance |
23,000 |
Factory depreciation |
17,000 |
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs.