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 $15,539 Indirect labor 38,509 Factory electricity 4,391 Indirect materials 9,121 Selling expenses 21,619 Administrative expenses 12,161 Total costs $101,340 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 5,700 0.15 Potato chips 3,300 0.10 Pretzels 4,200 0.12 Total 13,200 If required, round all per-case answers to the nearest cent.

a. Determine the single plantwide factory overhead rate. $fill in the blank ___- 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