Single plantwide factory overhead rate Instructions Amount DescriptionsOverhead Instructions Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period 1Factory depreciation 2 Indirect labor 3 Factory electricity 4 Indirect materials 5 Selling expenses 6Administrative expenses 25,888.00 64,720.00 6,472.00 25,020.00 24,100.00 15,600.00 $161,800.00 Total costs 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 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 Tortilla chips Potato chips Pretzels Budgeted Volume (Cases) 4,000 4,700 2,400 11,100 Processing Hours per Case 0.15 0.12 0.44 Required: a. Determine the single plantwide factory overhead rate. b. Use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. If required, round your answers to the nearest cent. Amount Descriptions Amount Descriptions Potato chips Pretzels Setup Quality control Tortilla chips Overhead a. Determine the single plantwide factory overhead rate. If required, round your answer to the nearest cent. per processing hour b. Use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. If required, round your answer to the nearest cent. otal Factory Per Case Factory Overhead Overhead