Calculator Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretrels. The company has budgeted the following costs for the upcoming period: Factory depreciation $ 33,120 Indirect labor 82,800 Factory electricity 8,280 Indirect materials 31,800 Selling expenses 22,000 Administrative expenses 29,000 Total costs $207,000 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: Budgeted Processing Hours Volume (Cases) Per Case Tortilla chips 3,000 0.25 Potato chips 6,000 0.10 Pretzels 3.500 0.30 Total 12.500 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. Check My Work 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: Budgeted Volume (Cases) Processing Hours Per Case Tortilla chips Potato chips Pretzels 0.25 3,000 6,000 3,500 0.10 0.30 Total 12,500 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour b. 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 Factory Overhead Per Case Factory Overhead Tortilla chips Potato chips Pretzels Total Check My Work Save and a S e gment for Grading