Question: Can you please show me how to do this? Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips,

Can you please show me how to do this?

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 - $24,633

Indirect labor - 61,047

Factory electricity - 6,962

Indirect materials - 14,458

Selling expenses34,272

Administrative expenses19,278

Total costs$160,650

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 (Cases) and Processing Hours Per Case -

Tortilla chips5,1000.12

Potato chips7,2000.15

Pretzels4,5000.10

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.

Tortilla Chips ________ Total Factory Overhead __________________ Per Case Factory Overhead

Potato chips ________ Total Factory Overhead __________________ Per Case Factory Overhead

Pretzels ________ Total Factory Overhead __________________ Per Case Factory Overhead

Total ________

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