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 $11,724 Indirect labor 29,056 3,313 6,883 Factory electricity Indirect materials Selling expenses Administrative expenses 16,312 9,176 Total costs $76,464 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours par case: Budgeted Volume Processing Hours (Cases) Per Case 1,200 0.15 Tortilla chips 2.700 0.10 Potato chips Pretzels 5.100 0.12 Total 9.000 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 5 48 per processing hour b. Use the overhead rate na to determine the amount of total and percase overhead allocated to each of the three products under generally accepted accounting principles. Total Factory Overhead Per-Case Factory Overhead X 15.53 Tortilla chips 18,640 X 4.8 Potato chips 12,900 Pretcos 29,376 5.75 60,076 X Tota