eBook Question Content Area Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three ty

[answerhappygod]

eBook Question Content Area Single Plantwide Factory OverheadRate Salty Sensations Snacks Company manufactures three types ofsnack foods: tortilla chips, potato chips, and pretzels. Thecompany has budgeted the following costs for the upcoming period:Factory depreciation $22,610 Indirect labor 56,033 Factoryelectricity 6,390 Indirect materials 13,271 Selling expenses 31,457Administrative expenses 17,695 Total costs $147,456 Factoryoverhead is allocated to the three products on the basis ofprocessing hours. The products had the following production budgetand processing hours per case: Budgeted Volume (Cases) ProcessingHours Per Case Tortilla chips 6,900 0.10 Potato chips 4,200 0.15Pretzels 1,800 0.12 Total 12,900 If required, round all per-caseanswers to the nearest cent. a. Determine the single plantwidefactory overhead rate. $fill in the blank 1 69 per processing hourb. Use the factory overhead rate in (a) to determine the amount oftotal and per-case factory overhead allocated to each of the threeproducts under generally accepted accounting principles. TotalFactory Overhead Per-Case Factory Overhead Tortilla chips $fill inthe blank 2 $fill in the blank 3 9.6 Potato chips fill in the blank4 60,480 fill in the blank 5 5.8 Pretzels fill in the blank 620,736 fill in the blank 7 6.96 Total $fill in the blank 8 FeedbackArea Feedback a. First calculate: Budgeted production volume foreach product x Processing hours. Add together to obtain totalprocessing hours. Recall that factory overhead does not includeselling and administrative expenses. Divide the total of overheadcosts by total processing hours to obtain the overhead rate. b.Calculate: Overhead Rate in Req. (a) x Processing hours for eachproduct = Overhead for each. Add all overhead amounts to obtain thetotal. Divide individual overhead amounts by budgeted productionvolume for each product to obtain overhead per unit. LearningObjective 2. Check My Work