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 $19,850 Indirect labor 49,193 Factory electricity 5,610 Indirect materials 11,651 Selling expenses 27,617 Administrative expenses 15,535 Total costs $129,456 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 (Cases) Per Case Tortilla chips 3,900 0.12 Potato chips 2,400 0.15 Pretzels 6,600 0.10 Total 12,900 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 86.91 X 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. Total Per-Case Factory Overhead Factory Overhead Tortilla chips 40,557 X 10.43 X Potato chips 31,296 X 13.04 X Pretzels 57,354 X 8.69 X Total $ 129,207 X