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Single Partside Factory Overhead Rate Scrumptious Snacks the manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the
Single Partside Factory Overhead Rate Scrumptious Snacks the 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 $10,378 Indirect labor 25.710 Factory electricity 2,033 Indirect materials 6,091 Selling expenses Administrative expenses 3.122 Total costs 567,600 Factory overhead is alocated 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 Tortils chips 3.900 0.10 Potato chips 3.900 0.12 Pretzels 1.800 0.15 Tots 9.600 11 required, round all per case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 7.05 per processing hour 6. 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 Total
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