Accounting 202 Workbook 3 problem

Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. 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 $19,695 Indirect labor 48,810 Factory electricity 5,566 Indirect materials 11,561 Seliing expenses 27,402 Administrative expenses 15,414 Total costs $128,448 Factory overhead is allocated to the three products on the basxs of processing hours. The products had the following production budget and processing hours per case: Budgeted Volume Processing Hours (Cases) Per Case Tortiila chips 5,400 0.12 Potato chips 2,400 0.15 Pretzels 3,300 0.10 Total 11,100 If required, round all pericase answers to the nearest cent. If required, round all per-case answers to the nearest cent. a. Determlne the single plantwide factory overhead rate. 34:] per processing hour I]. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting principles. Total Per-Case Factory Overhead Factory Overhead Tortilla chips :4: $:l Potato chi ps l: l: m. $2