Single plantwide factory overhead rate

InstructionsAmount DescriptionsOverhead

Instructions

Single plantwide factory overhead rate Instructions Amount Descriptions Overhead 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: 1 Factory depreciation $33,782.00 2 Indirect labor 84,456.00 3 Factory electricity 8,446.00 Indirect materials 40,356.00 5 Selling expenses 26,900.00 6 Administrative expenses 17,200.00 7 Total costs $211,140.00 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 (Cases) Processing Hours per Case Tortilla chips 3,600 0.25 Potato chips 5,300 0.11 Pretzels 2,300 0.49 Total 11,200eBook Print Item 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 Total 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. Check My Work NexteBook Print Item Amount Descriptions Potato chips Pretzels Setup Quality control Tortilla chips Total 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. Total Factory Per Case Factory Overhead Overhead Next > Check My Work