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ingle Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the
ingle 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 $ Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs $ 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 Total If required, round all percase answers to the nearest cent. a Determine the single plantwide factory overhead rate. $fill in the blank 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 Factory Overhead PerCase Factory Overhead Tortilla chips $fill in the blank $fill in the blank Potato chips fill in the blank fill in the blank Pretzels fill in the blank fill in the blank Total $fill in the blank 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 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 percase 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.
ingle 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 $
Indirect labor
Factory electricity
Indirect materials
Selling expenses
Administrative expenses
Total costs $
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
Total
If required, round all percase answers to the nearest cent.
a Determine the single plantwide factory overhead rate.
$fill in the blank
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
Factory Overhead PerCase
Factory Overhead
Tortilla chips $fill in the blank
$fill in the blank
Potato chips fill in the blank
fill in the blank
Pretzels fill in the blank
fill in the blank
Total $fill in the blank 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 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 percase 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.
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