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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

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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 following costs for the upcoming period: Factory depreciation $16,394 Indirect labor 40.630 Factory electricity 4,633 Indirect materials 9,623 Selling expenses 22,810 Administrative expenses 12,830 Total costs $106,920 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production bodget and processing hours per case: Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 6,300 0.10 Potato chips 2.400 0.12 Pretzels 1.800 0.15 Total 10,500 If required, round all per case answers to the nearest cent. a. Determine the single plantwide factory overhead tate 90.00 X per processing hour b. Use the overhead rotein (s) to determine the amount of total and percase overhead allocated to each of the three products under generally accepted accounting principles Total Per Case Factory Overhead Factory Overhead Tortilla chips 567,000 X Potato chips Pretzels Total

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