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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 Factory electricity Indirect materials Selling expenses Administrative expenses Total costs $21,197 52,531 5,990 12,442 29,491 16,589 $138,240 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 6,300 0.10 5,700 0.12 6,600 0.15 18,600 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour
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