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Show me the steps to solve Single plantwide factory overhead rate Scrumptious Snacks Inc. manufactures...

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Accounting

Show me the steps to solve 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 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:
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.
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