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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 $13,476 33,396 3,808 7,910 18,749 10,546 Administrative expenses Total costs $87,885 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 Tortilla chips Potato chips Pretzels Total (Cases) Per Case 4,500 0.10 6,000 0.12. 1,500 0.15 12,000 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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