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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
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 $18,511 45,876 Factory electricity 5,231 Indirect materials i 10,866 Selling expenses 25,755 Administrative expenses 14,487 Total costs $120,726 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 per Case (Cases) Tortilla chips 6,600 Potato chips 3,900. Pretzels Total 1 6,600 17,100 0.15 0.12 0.101 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 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. Per Unit Total Factory Overhead Factory Overhead Case: Tortilla chips Potato chips Pretzels Total
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