Aunt Ethel Snacks makes potato chips, com chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Ethel uses a single plantwide overhead rate to allocate its $3,796,200 of annual manufacturing overhead. Of this amount, $2,147,000 is associated with the potato chip line, $993,200 is associated with the corn chip line, and $656,000 is associated with the cheese puff line. Aunt Ethel's plant is currently running a total of 17,100 machine hours: 11,300 in the potato chip line, 2,600 in the com chip line, and 3,200 in the cheese puff line. Aunt Ethel considers machine hours to be the cost driver of manufacturing overhead costs. Read the requirements. 1. What is Aunt Ethel's plantwide overhead rate? Determine the formula for calculating the plantwide overhead rate, then calculate the rate. Requirements = 1. What is Aunt Ethel's plantwide overhead rate? 2. Calculate the departmental overhead rates for Aunt Ethel's three production lines. Round all answers to the nearest cent. 3. Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? Print Done Plantwide overhead rate