Solution-Determine the single plantwide factory overhead

Determine the single plantwide factory overhead rate

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Reference no: EM133137812

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	$20,824
Indirect labor	51,608
Factory electricity	5,885
Indirect materials	12,223
Selling expenses	28,973
Administrative expenses	16,297
Total costs	$135,810

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	4,500	0.15
Potato chips	2,700	0.12
Pretzels	5,100	0.10
Total	12,300

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: EM133137812

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Determine the single plantwide factory overhead rate

Reference no: EM133137812

Reference no: EM133137812

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