Aunt Edna Snacks makes potato chips, corn chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Edna uses a single plantwide overhead rate to allocate its $3,131,300 of annual manufacturing overhead. Of this amount, $1,881,000 is associated with the potato chip line, $588,800 is associated with the corn chip line, and $661,500 is associated with the cheese puff line. Aunt Edna's plant is currently running a total of 17,300 machine hours: 11,400 in the potato chip line, 3,200 in the com chip line, and 2,700 in the cheese puff line. Aunt Edna considers machine hours to be the cost driver of manufacturing overhead costs. 1. What is Aunt Edna's plantwide overhead rate? 2. Calculate the departmental overhead rates for Aunt Edna's three production lines. Round all answers to the nearest cent. 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? 1. What is Aunt Edna's plantwide overhead rate? Determine the formula for calculating the plantwide overhead rate, then calculate the rate. Plantwide overhead rate per machine hour 2. Calculate the departmental overhead rates for Aunt Edna's three production lines. Round all answers to the nearest cent Begin by determining the formula for calculating a departments overhead rate, then calculate the overhead rates for each department. Department overhead rate Choose from any list or enter any number in the input fields and then continue to the next question ? Aunt Edna Snacks makes potato chips, com chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Edna uses a single plantwide overhead rate to allocate its $3,131,300 of annual manufacturing overhead. Of this amount, $1,881,000 is associated with the potato chip line, $588,800 is associated with the corn chip line, and $661,500 is associated with the cheese puff line. Aunt Edna's plant is currently running a total of 17,300 machine hours: 11,400 in the potato chip line, 3,200 in the corn chip line, and 2,700 in the cheese puff line. Aunt Edna considers machine hours to be the cost driver of manufacturing overhead costs. 1. What is Aunt Edna's plantwide overhead rate? 2. Calculate the departmental overhead rates for Aunt Edna's three production lines. Round all answers to the nearest cent. 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? 2. Calculate the departmental overhead rates for Aunt adna's three production lines. Round all answers to the nearest cent. Begin by determining the formula for calculating a departments overhead rate, then calculate the overhead rates for each department. Department overhead rate Potato Chips per machine hour Corn Chips per machine hour Cheese Puffs per machine hour 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? For each product, select if it was overcosted or undercosted by using the plantwide rate. Il = Il Choose from any list or enter any number in the input fields and then continue to the next question. ? Aunt Edna Snacks makes potato chips, com chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Edna uses a single plantwide overhead rate to allocate its $3,131,300 of annual manufacturing overhead. Of this amount, $1,881,000 is associated with the potato chip line, $588,800 is associated with the com chip line, and $661,500 is associated with the cheese puff line. Aunt Edna's plant is currently running a total of 17,300 machine hours: 11,400 in the potato chip line, 3,200 in the com chip line, and 2,700 in the cheese puff line. Aunt Edna considers machine hours to be the cost driver of manufacturing overhead costs. 1. What is Aunt Edna's plantwide overhead rate? 2. Calculate the departmental overhead rates for Aunt Edna's three production lines. Round all answers to the nearest cent. 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? Potato Chips per machine nour Corn Chips per machine hour Cheese Puffs per machine hour 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? For each product, select if it was overcosted or undercosted by using the plantwide rate. Product Line Overcosted or Undercosted Potato Chip Corn Chip Cheese Puffs
