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 $$12,627$

Indirect labor $31,293$

Factory electricity $3,569$

Indirect materials $7,411$

Selling expenses $17,568$

Administrative expenses $9,882$

Total costs $$82,350$

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

$($Cases$)$ Processing Hours

Per Case

Tortilla chips $3,3000\mathrm{.}15$

Potato chips $1,5000\mathrm{.}12$

Pretzels $2,4000\mathrm{.}10$

Total $7,200$

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.

Total

Factory Overhead Per$-$Case

Factory Overhead

Tortilla chips $fill in the blank $2$

$fill in the blank $3$

Potato chips fill in the blank $4$

fill in the blank $5$

Pretzels fill in the blank $6$

fill in the blank $7$

Total $fill in the blank $8$

Check My Work

PreviousScrumptious 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 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:

If required, round all per$-$case answers to the nearest cent.

a$.$ Determine the single plantwide factory overhead rate.

$$,$ per processing hour