Single plant wide factory overhead rate Krispy Treats Snack Food Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period:

Factory depreciation ...........................$15,620

Indirect labor ........................................38,711

Factory electricity ..................................4,414

Indirect materials ...................................9,169

Selling expenses ...................................21,732

Administrative expenses .......................12,225

Total costs .........................................$101,871

Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case:

If required, round all per-case answers to nearest cent.

a. Determine the single plant wide factory overhead rate. $____________

b.  Use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accountingprinciples.

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Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 1,800 0.12 Potato chips 6,900 0.10 Pretzels 6,000 0.15 Total 14,700