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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 $16,134 Indirect labor 39,983 Factory electricity 4,559 Indirect materials 9,470 Selling expenses 22,447 Administrative expenses 12,626 Total costs $105,219 ) 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 2,700 0.15 Potato chips 5,700 0.12 Pretzels 2,100 0.10 Total 10,500 If required, round all percase answers to the nearest cent. a. Determine the single plantwide factory overhead rate. Q 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 PerCase Factory Overhead Factory Overhead Tortilla chips Potato chips Pretzels C [:1 [:1 Total DEED
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