S4-3 C ompute departmental overhead rates (Learning Objective 1) Sn yder Snacks makes potato chips, corn chips, and cheese puffs using three differ ent pro duction lines within the sa on lines within the same manufacturing plant. Currently, Snyder uses a singlepl o wide overhead rate to allocate its $3,311,500 of annual manufacturing overhead. Of thie unt, $2,070,000 is associated with the potato chip line, $763,000 is associat the corn chip line, and $478,500 is associated with the cheese puff line. Snyder's plant i ed with currently running a total of 17,900 machine hours: 11,500 in the potato chip line, ine hours to the be the cost driver of manufacturing overhead costs. 1. What is Snyder's plantwide overhead rate? corn chip line, and 2,900 in the cheese puff line. Snyder considers machine ho 2. Calculate the departmental overhead rates for Snyder's three production lines. Ro 3. Which products have been overcosted by the plantwide rate? Which products have all answers to the nearest cent. been undercosted by the plantwide rate