Single plantwide factory overhead rate

Krispy Treats Snack Food Company 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		$15,967
Indirect labor		39,569
Factory electricity		4,512
Indirect materials		9,372
Selling expenses		22,214
Administrative expenses		12,496
	Total costs	$104,130

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			6,600			0.10
Potato chips			1,500			0.12
Pretzels			3,300			0.15
	Total		11,400

If required, round all per-case answers to nearest cent.

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.

Total factory overhead per- case factory overhead

Tortilla chips $ $

Potato Chips $ $

Pretzels $ $

Total $ $