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could i please get some help with this? Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc, manufactures three types of snack foods: tortilla chips, potato
could i please get some help with this?
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 poriad: Factory depreciation $19,005 Indirect labor 47,100 Factory electricity 5,371 Indirect materials 11.156 Selling expenses 26,442 Administrative expenses 14,674 Total costs $123.948 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 Processing Hours (Cases) Per Case Tortilla chips 6,900 0.12 Potato chips 6,900 0.10 Pretzels 2,400 0.15 Total 16,200 If required, round all per case answers to the nearest cent. 4. Determine the single plantwide factory overhead rate. Total costs $123.945 Factory overhead is allocated to the three products on the basis of procesuing hours. The products had the following production budget and processing hours per case Budgeted Volume Processing Hours Per Care Tortilla chips 6,900 0.12 Potato chips 6,900 0.10 Pretzels 2,400 0.15 Total 16,200 If required, round all per case 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 percase overhead allocated to each of the three products under generally accepted accounting principles Total Per Case Factory Overhead Factory Overhead Tortilla chips Potato chips Pretzels Total Step by Step Solution
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