THE COSTS
FACTORY OVERHEAD COST BUDGET

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       The estimated factory overhead costs necessary for production make up the factory overhead cost budget. This budget usually includes the total estimated cost for each item of factory overhead, as shown in the table below:

    Colt Manufacturing, Inc.
      Factory Overhead Cost Budget
    For the Year Ending December 31, 2008
                               .
    Indirect factory wages .........................................................................................................   732,800
    Supervisor salaries ..............................................................................................................   360,000
    Power and light ...................................................................................................................   306,000
    Depreciation of plant and equipment ....................................................................................   288,000
    Indirect materials .................................................................................................................  182,000 
    Maintenance .......................................................................................................................   140,280
    Insurance and property taxes ...............................................................................................    79,200
    Total factory overhead cost ...........................................................................................  $2,089,080

        
        
    A business may prepare supporting departmental schedules, in which the factory overhead costs are separated into their fixed and variable cost elements. Such schedules enable department managers to direct their attention to those costs for which they are responsible and to evaluate performance.

     




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