Question list Question 1 Question 2 Question 3 Uncle Pete Snacks makes potato chips, corn chips, and cheese puffs using three different production lines within the same manufacturing plant Currently, Uncle Pete 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. Uncle Pete's plant is currently running a total of 17,100 machine hours: 11,300 in the potato chip line, 2,600 in the corn chip line, and 3,200 in the cheese puff line. Uncle Pete considers machine hours to be the cost driver of manufacturing overhead costs Read the requirements 1. What is Uncle Pete's plantwide overhead rate? Determine the formula for calculating the plantwide overhead rate, then calculate the rate Plantwide overhead = rate Requirements 1. What is Uncle Pete's plantwide overhead rate? 2. Calculate the departmental overhead rates for Uncle Pete'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