Answer Happy

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 $17,912 Indirect labor 44,392 5,062 Factory electricity Indirect materials 10,514 24,922 Selling expenses Administrative expenses 14,018 Total costs $116,820 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 (Cases) Per Case Tortilla chips 5,700 0.10 Potato chips 6,600 0.12 Pretzels 3,900 0.15 Total 16,200 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. sl 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 Per-Case Factory Overhead Factory Overhead Tortilla chips 3,000 x Potato chips Pretzels Total $