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 Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs $15,500 38,413 4,380 9,099 21,565 12,131 $101,088 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 Tortilla chips Potato chips Pretzels Total (Cases) Processing Hours Per Case 2,700 0.12 5,400 0.10 3,600 0.15 11,700 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour b. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting principles. Check My Work Total Per-Case Next Emall Instructor Save and Exit Submit Assignment for Grading Factory electricity Indirect materials Selling expenses 4,380 9,099 21,565 12,131 Administrative expenses Total costs $101,088 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 Tortilla chips Potato chips Pretzels Total Processing Hours (Cases) Per Case 2,700 0.12 5,400 0.10 3,600 0.15 11,700 If required, round all per-case answers to the nearest cent.. a. Determine the single plantwide factory overhead rate. per processing hour b. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting principles. Total Per-Case Tortilla chips Potato chips Pretzels Total Check My Work Factory Overhead Factory Overhead Next >