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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 $15,393
Indirect labor 38,147
Factory electricity 4,350
Indirect materials 9,034
Selling expenses 21,416
Administrative expenses 12,046
Total costs $100,386
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 2,1000.12
Potato chips 3,9000.15
Pretzels 4,5000.10
Total 10,500
If required, round all per-case answers to the nearest cent.
a. Determine the single plantwide factory overhead rate.
$fill in the blank 1
Incorrect
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

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