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$16,284Indirect labor40,356Factory electricity4,602Indirect materials9,558Selling expenses22,656Administrative expenses12,744Total costs$106,200

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 CaseTortilla chips3,0000.12Potato chips4,8000.15Pretzels6,9000.10Total14,700

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 OverheadPer-Case Factory OverheadTortilla chips$fill in the blank 2$fill in the blank 3Potato chipsfill in the blank 4fill in the blank 5Pretzelsfill in the blank 6fill in the blank 7Total$fill in the blank 8