Question: .h 7-7 - n. . v . a Problem Set: Module 3 Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack

.h 7-7 - n. . v . a Problem Set: Module 3 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 $22,322 Indirect labor 55,318 Factory electricity 6,308 Indirect materials 13,102 Selling expenses 31,056 Administrative expenses 17,469 a Total costs $145,575 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 3,300 0.10 Potato chips 6,900 0.15 Pretzels 4,800 0.12 . Total 15,000 If required, round all per-case answers to the nearest cent. 3. 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. Total Per-Case Factory Overhead Factory Overhead Tortilla chips 0: 0:] Potato chips :] E Pretzels I: E Total $E Check My Work Next )
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
