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Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods:...

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Accounting

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Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company 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 $23,722 Indirect labor 58,790 Factory electricity 6,704 Indirect materials 13,924 Selling expenses 33,005 Administrative expenses 18,565 Total costs $154,710 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 3,900 0.15 Potato chips 2,700 0.10 Pretzels 7,200 0.12 Total 13,800 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 62 X per processing hour b. Use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. Total Factory Overhead Per-Case Factory Overhead Tortilla chips Potato chips Pretzels Total

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