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T.... Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted
T.... 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 Indirect labor Factory electricity Indirect materials Selling expenses $16,022 39,706 4,528 9,404 22,291 12,539 $104,490 Administrative expenses Total costs 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 Processing Hours Tortilla chips Potato chips Pretzels Total (Cases) Per Case 3,900 0.10 4,500 0.12 2,400 0.15 10,000 If required, round all per case answers to the nearest cent. Factory overhead is allocated to the three hours per case: on the bas Tortilla chips Potato chips Pretzels Total Budgeted Volume Processing Hours (Cases) Per Case 3,900 0.10 4,500 0.12 2,400 0.15 10,800 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 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 Potato chips Pretzels Total Previous NOXT>
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