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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 $18,506 Indirect labor 45,862 5,230 Factory electricity Indirect materials 10,862 Selling expenses 25,747 Administrative expenses 14,483 Total costs $120,690 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 3,300 0.12 Potato chips 3,600 0.10 Pretzels 3,900 0.15 Total 10,800 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour h Ilse the overhead rate in al to determine the amount of total and her cace overhead allocated to each of the three products under generally accented accounting 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 Potato chips Ili Pretzels Total
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