Uncle Pete Snacks makes potato chips, com chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Uncle Pete uses a single plantwide overhead rate to allocate its $3,536,000 of annual manufacturing overhead. Of this amount, $1,958,000 is associated with the potato chip line, $874,500 is associated with the com chip line, and $703,500 is associated with the cheese puff line. Uncle Pete's plant is currently running a total of 17,000 machine hours: 11,000 in the potato chip line, 2,650 in the corn chip line, and 3,350 in the cheese puff line. Uncle Pete considers machine hours to be the cost driver of manufacturing overhead costs. Read the requirements. 1. What is Uncle Pete's plantwide overhead rate? Determine the formula for calculating the plantwide overhead rate, then calculate the rate. Plantwide overhead rate = per machine hour 2. Calculate the departmental overhead rates for Uncle Pete's three production lines. Round all answers to the nearest cent. Begin by determining the formula for calculating a departments overhead rate, then calculate the overhead rates for each department. Department overhead rate 2 Choose from any list or enter any number in the input fields and then continue to the next question ? 2. Calculate the departmental overhead rates for Uncle Pete's three production lines. Round all answers to the nearest cent. Begin by determining the formula for calculating a departments overhead rate, then calculate the overhead rates for each department. Department overhead rate per machine hour Potato Chips Corn Chips per machine hour Cheese Puffs + per machine hour 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? For each product, select if it was overcosted or undercosted by using the plantwide rate Product Line Overcosted or Undercosted Potato Chip Corn Chip Cheese Puffs Choose from any list or enter any number in the input fields and then continue to the next