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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 the
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 $16,692 41,368 4,717 9,799 23,224 13,064 $108,864 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: Processing Hours Tortilla chips Potato chips Pretzels Total Budgeted Volume (Cases) 1,800 5,700 3,900 11,400 Per Case 0.15 0.12 0.10 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. $fill in the blank 1 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. Per-Case Factory Overhead $fill in the blank 3 Total Factory Overhead Tortilla chips $fill in the blank 2 fill in the blank 4 Potato fill in the blank 5 chips fill in the blank 6 fill in the blank 7 Pretzels $fill in the blank 8 Total
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