Principles of Cost Accounting: P9-4 Hornick and Sena, the systems consultants

Principles of Cost Accounting
P9-4 Preparing an overhead budget and an other expense budget
Hornick and Sena, the systems consultants in P9-3, budgeted overhead and other expenses as follows for the year ended December 31, 2013:

Overhead:
Depreciation – equipment $60,000
Depreciation – building 135,000
Fringe benefits 385,000
Photocopying 95,000
Secretarial Support 465,000
Telephone/fax 115,000
Utilities 193,000
Other Direct Expenses:
Travel 123,000
Meals 37,000

Required:
1. Prepare an overhead budget.
2. Prepare an other expense budget.
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