Q Texa: Articl @ Hom C X Ceng B 3-1 5 5 MKT E MKT The r M Inbox E Untit New Tab E ACC Mail + X v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Problem Set: Module 3 eBook Single Plantwide Factory Overhead Rate ? 1. EX.04.05.ALGO Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the 2. EX.04.07.ALGO upcoming period: Factory depreciation $19,970 3. EX.04.06 Indirect labor 49,491 4. TMM.04.06 Factory electricity 5,644 Indirect materials 11,721 5. EX.04.03.ALGO Selling expenses 27,784 Administrative expenses 15,629 Total costs $130,239 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 hulu (Cases Per Case Tortilla chips 1,200 0.10 Potato chips 6,600 0.12 . .. Pretzels 3,900 0.15 Total 11,700 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 5 $ 58 v 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 Check My Work Progress: 5/5 items Previous 11 27 Assignment Score: 73.61% Email Instructor Save and Exit Submit Assignment for GradingQ Texa: Articl @ Hom C X Ceng B 3-1 5 5 MKT E MKT The r M Inbox E Untit New Tab E ACC Mail + X v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ... Problem Set: Module 3 7 eBook Total 11,700 ? 1. EX.04.05.ALGO If required, round all per-case answers to the nearest cent. 2. EX.04.07.ALGO a. Determine the single plantwide factory overhead rate. 3. EX.04.06 5 58 v 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 4. TMM.04.06 principles 5. EX.04.03.ALGO Total Per-Case Factory Overhead Factory Overhead Tortilla chips 120 X 120 X Potato chips 792 X Pretzels 585 X Total 1,497 X hulu Feedback Check My Work . .. a. First calculate: Budgeted production volume for each product x Processing hours. Add together to obtain total processing hours. Recall that factory overhead does not include selling and administrative expenses. Divide the total of overhead costs by total processing hours to obtain the overhead rate. b. Calculate: Overhead Rate in Req. (a) x Processing hours for each product = Overhead for each. Add all overhead amounts to obtain the total. Divide individual overhead amounts by budgeted production volume for each product to obtain overhead per unit. 5 Check My Work Progress: 5/5 items Previous 11 27 Assignment Score: 73.61% Email Instructor Save and Exit Submit Assignment for Grading