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Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures 'd'lree types of snack foods: tortilla chips, potato chips, and prelzels. The company has budgeted the
Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures 'd'lree types of snack foods: tortilla chips, potato chips, and prelzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $1535 Indirect labor 18,6?3 Factory electricity 2,129 Indirect materials 4,423 Selling expenses 10,483 Administrative expenses 5397 Total costs $495140 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 Processing Hours (Cases) Per Case Tortilla chips 3,000 0.12 Potato chips 1,200 0.15 Pretzels 2,400 0.10 Total 6,600 If required, round all per-case answers to the nearest cent. n. -.|-||.-|r. II If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory:r overhead rate. Q per processing hour ) I}. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generallyr accepted accounting principles. Total PerCase Factoryr Overhead Factory Overhead Tortilla chips 1; Potato chips #3 :1 E [:1 Q Total
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