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please help Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has
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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 depreciation $29,270 Indirect labor 72,538 Factory electricity 8,272 Indirect materials 17,180 Selling expenses 40,723 Administrative expenses 22,907 Total costs $190,890 ) 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 5,100 0.10 Potato chips 5,700 0.15 Pretzels 6,300 0.12 Total 17,100 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. $l 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 PerCase Factory Overhead Factory Overhead Tortilla chips $I I $I I Potato chips I I I I Pretzels I I I I Total $IStep by Step Solution
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