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Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the
Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. 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 $21,779 Indirect labor 53,974 Factory electricity 6,155 Indirect materials 12,784 Selling expenses 30,301 Administrative expenses 17,045 Total costs $142,038 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 6,300 0.12 Potato chips 3,300 0.15 Pretzels 5,700 0.10 Total 15,300 If requ
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