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Anvisha [2.4K]
3 years ago
13

Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Adver

tising expenses $232,000 Manufacturing supplies 14,000 Power and light 48,000 Sales commissions 298,000 Factory insurance 30,000 Production supervisor wages 135,000 Production control wages 32,000 Executive officer salaries 310,000 Materials management wages 39,000 Factory depreciation 22,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Business
1 answer:
Doss [256]3 years ago
3 0

Answer:

variable costs

manufacturing supplies =$14000

production supervisor wages=$135,000

power and light=$48000

production control wages=$32000

materials management wages=$39000

total=$268000

fixed costs

factory insurance =$30000

factory depreciation =$22000

<u>Total= $52000</u>

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8090 [49]

Answer:

Preference dividend = 9% x $65 x 5,700 shares

                                = $33,345

Dividend paid to ordinary shareholders = $50,000 - $33,345

                                                                 = $16,655

Explanation:

The dividend paid to preferred stockholders is 9% of the par value multiplied by number of preferred stock outstanding. The dividend paid to common stockholders is the difference between total dividend paid and dividend paid to preferred stock holders.

6 0
3 years ago
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4 0
1 year ago
Which of the following statements is true concerning income if manufacturing production exceeds units sold?A higher operating in
vova2212 [387]

Answer:

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Explanation:

If manufacturing production exceeds units sold there will be an increase in inventory and increases in inventory cause income to be higher under absorption costing  than under variable costing.

Under variable costing, as its name suggests, only variable production costs are assigned to inventory and cost of goods sold.  

Under absorption costing, normal manufacturing costs are considered product costs and included in inventory.

<em>Recognize that a reduction in inventory during a period will cause the opposite effect. </em>

<em>Specifically, a portion of the contents of the beginning inventory would be transferred to expense commensurate with the decrease in inventory. </em>

<em>Since the inventory contains less under variable costing, expect expenses to be lower and income to be higher.</em>

4 0
3 years ago
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Answer:

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3 0
3 years ago
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The type of marketing channel that this represents is direct.
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8 0
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