M Your answer is ready - ramelthor x Course Hero x B 2-1 Problem Set: Module Two - A x CengageNOWv2 | Online teachin X + X - C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Problem Set: Module 3 eBook 1. EX.04.05.ALGO 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: 2. TMM.04.06 Factory depreciation $14,631 3. EX.04.07.ALGO Indirect labor 36,259 Factory electricity 4,135 4. EX.04.03.ALGO Indirect materials 3.58 5. EX.04.06 Selling expenses 20,356 Administrative expenses 11,450 Total costs $95,418 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 2,700 0.12 Potato chips 6,000 0.15 Pretzels 4,500 0.10 Total 13,200 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 per-case 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 Tota $ Progress: 4/5 items Check My Work Previous Next Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading M 1 9 5:07