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RA Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc, manufactures three types of snack foods: tartilla chips, potato chips, and pretzels. The company has budgeted
RA Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc, manufactures three types of snack foods: tartilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $20,904 Indirect labor 51,806 Factory electricity 5,908 Indirect materials 12,270 Selling expenses 29,084 Administrative expenses 16,360 Total costs $135,332 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 5.400 0.12 Potato chips 2.100 0.10 Pretzels 5,100 0.15 Total 12,500 If required, round all per-case answers to the nearest cent. . Determine the single plantwide factory overhead rate inn ctory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per cas Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 5,400 0.12 Potato chips 2,100 0.10 Pretzels 5,100 0.15 Total 12,600 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 Factory Overhead Per-Case Factory Overhead Tortilla chips Dotato chips Pretzels Total
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