Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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Chapter 13, Problem 13.11E
Factory
Nutty Candy Company budgeted the following costs for anticipated production for August:
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and
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Factory Overhead Cost Budget
Sweet Tooth Candy Company budgeted the following costs
for anticipated production for August:
Advertising expenses
Manufacturing supplies
Power and light
Sales commissions
Factory insurance
Production supervisor wages
Production control wages
Executive officer salaries
Materials management wages
Factory depreciation
Prepare a factory overhead cost budget, separating variable
and fixed costs. Assume that factory insurance and
depreciation are the only fixed factory costs.
$297,290
16,290
48,600
328,580
28,300
142,930
37,160
303,010
40,880
23,150
Sweet Tooth Candy Company
Factory Overhead Cost Budget
For the Month Ending August 31
Variable factory overhead costs:
Total variable factory overhead costs
Fixed factory overhead costs:
Total fixed factory overhead costs
Total factory overhead costs
Spree Party Lights overhead expenses are:
Indirect material, pounds per unit
Indirect material, cost per pound
Indirect labor hours
Indirect labor rate per hour
Variable maintenance per unit
Variable utilities per unit
Supervisor salaries
Maintenance salaries
Insurance
Depreciation
Units to Produce
Variable Costs
Indirect Material
Indirect Labor
Maintenance
Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively.
Spree Party Lights
Manufacturing Overhead Budget
For the Quarter Ending January - March
January
February
2,400
3,100
Utilities
Total Variable Manufacturing Costs
Fixed Costs
0.30
Supervisory Salaries
Maintenance Salaries
Insurance
Depreciation
Total Fixed Manufacturing Coats
Total Manufacturing Overhead
$2
$16.50
$0.75
$0.20
$11,000
$9,000
$3,000
$1,600
1,440
30,500
1.1900
11,000
5,000
3,000
1,500
24,600
67,020
1,860
51,150
620
53,955
11,000
9,000
3,000
1,000
24,400
10,355
March
2,1800…
Factory Overhead Cost Budget
Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:
Advertising expenses
Manufacturing supplies
Power and light
Sales commissions
Factory insurance
Production supervisor wages
Production control wages
Executive officer salaries
Materials management wages
Factory depreciation
$260,590
14,280
42,600
288,010
24,800
125,290
32,570
265,600
35,830
20,300
Chapter 13 Solutions
Survey of Accounting (Accounting I)
Ch. 13 - Static budgets are often used: A.By production...Ch. 13 - The total estimated sales for the coming year is...Ch. 13 - Dixon Company expects $650,000 of credit sales in...Ch. 13 - The actual and standard direct materials costs for...Ch. 13 - Bower Company produced 4,000 units of product. The...Ch. 13 - Prob. 1CDQCh. 13 - What is the manager’s role in a responsibility...Ch. 13 - Briefly describe the type of human behavior...Ch. 13 - Give an example of budgetary slack.Ch. 13 - What behavioral problems are associated with...
Ch. 13 - Prob. 6CDQCh. 13 - Prob. 7CDQCh. 13 - Under what circumstances would a static budget be...Ch. 13 - How do computerized budgeting systems aid firms in...Ch. 13 - What is the first step in preparing a master...Ch. 13 - Why should the production requirements set forth...Ch. 13 - Why should the timing of direct materials...Ch. 13 - Prob. 13CDQCh. 13 - Prob. 14CDQCh. 13 - Prob. 15CDQCh. 13 - Prob. 16CDQCh. 13 - Prob. 17CDQCh. 13 - Prob. 18CDQCh. 13 - What is meant by reporting by the "principle of...Ch. 13 - Prob. 20CDQCh. 13 - How are standards used in budgetary performance...Ch. 13 - a. What are the two variances between the actual...Ch. 13 - Prob. 23CDQCh. 13 - Prob. 24CDQCh. 13 - Prob. 25CDQCh. 13 - Prob. 26CDQCh. 13 - Flexible budget for selling and administrative...Ch. 13 - Static budget vs. flexible budget The production...Ch. 13 - Flexible budget for Fabrication Department...Ch. 13 - Sales and production budgets Ultimate Audio...Ch. 13 - Professional fees earned budget Day & Spieth,...Ch. 13 - Professional labor cost budget Based on the data...Ch. 13 - Direct materials purchases budget Zippy's Frozen...Ch. 13 - Prob. 13.8ECh. 13 - Prob. 13.9ECh. 13 - Production and direct labor cost budgets Levi...Ch. 13 - Factory overhead cost budget Nutty Candy Company...Ch. 13 - Cost of goods sold budget The controller of Pueblo...Ch. 13 - Prob. 13.13ECh. 13 - Schedule of cash collections of accounts...Ch. 13 - Schedule of cash payments Tadpole Learning Systems...Ch. 13 - Schedule of cash payments Organic Physical Therapy...Ch. 13 - Capital expenditures budget On August 1, 20Y4. the...Ch. 13 - Standard product cost Sorrento Furniture Company...Ch. 13 - Prob. 13.19ECh. 13 - Direct materials variances The following data...Ch. 13 - Standard direct materials cost per unit from...Ch. 13 - Standard product cost, direct materials variance...Ch. 13 - Direct labor variances The following data relate...Ch. 13 - Prob. 13.24ECh. 13 - Direct materials and direct labor variances At the...Ch. 13 - Prob. 13.26ECh. 13 - Factory overhead cost variances The following data...Ch. 13 - Prob. 13.28ECh. 13 - Factory overhead variance corrections The data...Ch. 13 - Prob. 13.30ECh. 13 - Sales, production, direct materials purchases, and...Ch. 13 - Sales, production, direct materials purchases, and...Ch. 13 - Sales, production, direct materials purchases, and...Ch. 13 - Sales, production, direct materials purchases, and...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Prob. 13.2.7PCh. 13 - Budgeted income statement and supporting budgets...Ch. 13 - Cash budget The controller of Shoe Mart Inc. asks...Ch. 13 - Cash budget The controller of Shoe Mart Inc. asks...Ch. 13 - Direct materials and direct labor variance...Ch. 13 - Direct materials and direct labor, variance...Ch. 13 - Prob. 13.6.1PCh. 13 - Prob. 13.6.2PCh. 13 - Prob. 13.6.3PCh. 13 - Prob. 13.6.4PCh. 13 - Prob. 13.6.5PCh. 13 - Standards for nonmanufacturing expenses The...Ch. 13 - Prob. 13.7PCh. 13 - Prob. 13.1.1MBACh. 13 - Prob. 13.1.2MBACh. 13 - Prob. 13.1.3MBACh. 13 - Prob. 13.1.4MBACh. 13 - Prob. 13.1.5MBACh. 13 - Prob. 13.1.6MBACh. 13 - Prob. 13.2.1MBACh. 13 - Prob. 13.2.2MBACh. 13 - Prob. 13.2.3MBACh. 13 - Prob. 13.2.4MBACh. 13 - Process yield Hendrick Motorsports sponsors cars...Ch. 13 - Prob. 13.3.1MBACh. 13 - Prob. 13.3.2MBACh. 13 - Prob. 13.3.3MBACh. 13 - Prob. 13.3.4MBACh. 13 - Prob. 13.4.1MBACh. 13 - Prob. 13.4.2MBACh. 13 - Prob. 13.4.3MBACh. 13 - Prob. 13.4.4MBACh. 13 - Prob. 13.5.1MBACh. 13 - Prob. 13.5.2MBACh. 13 - Prob. 13.5.3MBACh. 13 - Prob. 13.5.4MBACh. 13 - Utilization rate Delta Air Lines (DAL) reported...Ch. 13 - Prob. 13.6.2MBACh. 13 - Prob. 13.6.3MBACh. 13 - Prob. 13.7.1MBACh. 13 - Prob. 13.7.2MBACh. 13 - Prob. 13.7.3MBACh. 13 - Ethics and professional conduct in business The...Ch. 13 - Prob. 13.2.1CCh. 13 - Prob. 13.2.2CCh. 13 - Prob. 13.3.1CCh. 13 - Prob. 13.3.2CCh. 13 - Objectives of the master budget Domino's Pizza LLC...Ch. 13 - Prob. 13.5.1CCh. 13 - Prob. 13.5.2CCh. 13 - Prob. 13.6CCh. 13 - Prob. 13.7C
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- Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising expenses $285,180 Manufacturing supplies 15,630 Power and light 46,620 Sales commissions 315,180 Factory insurance 27,150 Production supervisor wages 137,110 Production control wages 35,650 Executive officer salaries 290,660 Materials management wages 39,200 Factory depreciation 22,210 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Sweet Tooth Candy Company Factory Overhead Cost Budget For the Month Ending August 31 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 $…arrow_forwardAnderson Candy Company budgeted the following costs for anticipated production for October: Line Item Description Amount Advertising expenses $250,940 Manufacturing supplies 13,750 Power and light 41,020 Sales commissions 280,570 Factory insurance 23,890 Production supervisor wages 120,650 Production control wages 31,370 Executive officer salaries 255,770 Materials management wages 34,500 Factory depreciation 19,540 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Anderson Candy CompanyFactory Overhead Cost BudgetFor the Month Ending October 31 Line Item Description Amount Amount Variable factory overhead costs: $- Select - - Select - - Select - - Select - - Select - Total variable factory overhead costs $Total variable factory overhead costs Fixed factory overhead costs: $- Select -…arrow_forwardFactory Overhead Cost Budget Toot Sweet Company budgeted the following costs for anticipated production for August: Advertising expenses $270,080 Manufacturing supplies 14,800 Power and light 44,150 Sales commissions 301,970 Factory insurance 25,710 Production supervisor wages 129,850 Production control wages 33,760 Executive officer salaries 275,270 Materials management wages 37,130 Factory depreciation 21,030 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Toot Sweet CompanyFactory Overhead Cost BudgetFor the Month Ending August 31 Variable factory overhead costs: Manufacturing supplies $ Power and light Production supervisor wages Production control wages Materials management wages Total variable factory overhead costs $ fill in the blank Fixed factory overhead costs: Factory insurance $…arrow_forward
- Factory Overhead Cost Budget Nutty Candy Company budgeted the following costs for anticipated production for August: Advertising expenses $274,210 Production supervisor wages $131,830 Manufacturing supplies 15,030 Production control wages 34,280 Power and light 44,820 Executive officer salaries 279,480 Sales commissions 303,060 Materials management wages 37,700 Factory insurance 26,100 Factory depreciation 21,360 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs. Enter all amounts as positive numbers. NUTTY CANDY COMPANY Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: $fill in the blank 2 fill in the blank 4 fill in the blank 6 fill in the blank 8 fill in the blank 10 Total variable factory overhead costs $fill in the blank 11 Fixed factory overhead costs:…arrow_forwardFactory overhead cost budget Anderson Candy Company budgeted the following costs for anticipated production for October: Advertising expenses $246,000 Manufacturing supplies 13,480 Power and light 40,210 Sales commissions 265,770 Factory insurance 23,420 Production supervisor wages 118,270 Production control wages Executive officer salaries Materials management wages Factory depreciation Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Line Item Description Variable factory overhead costs: Manufacturing supplies Power and light Anderson Candy Company Factory Overhead Cost Budget For the Month Ending October 31 Production supervisor wages Production control wages Materials management wages ✓ Total variable factory overhead costs Fixed factory overhead costs: Factory insurance Factory depreciation 30,750 250,730 33,830 19,160 Total fixed factory overhead costs Total factory…arrow_forwardToot Sweet Company budgeted the following costs for anticipated production for August: Advertising expenses $241,360 Manufacturing supplies 13,230 Power and light 39,450 Sales commissions 260,760 Factory insurance 22,970 Production supervisor wages 116,040 Production control wages 30,170 Executive officer salaries 246,000 Materials management wages 33,190 Factory depreciation 18,800 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Toot Sweet Company Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Total variable factory overhead costs Fixed factory overhead costs: Total fixed factory overhead costs Total factory overhead costsarrow_forward
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