Determine the single plantwide factory overhead rate

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Question - 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 $28,098

Indirect labor 69,635

Factory electricity 7,941

Indirect materials 16,492

Selling expenses 39,093

Administrative expenses 21,990

Total costs $183,249

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)

Processing Hours
Per Case

Tortilla chips

6,000

0.10

Potato chips

3,300

0.12

Pretzels

5,700

0.15

Total

15,000


Required -

a. Determine the single plantwide factory overhead rate.

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.

Reference no: EM133135798

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