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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 $8,636

Indirect labor 21,402

Factory electricity 2,441

Indirect materials 5,069

Selling expenses 12,015

Administrative expenses 6,759

Total costs $56,322

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

1,200

0.15

Potato chips

1,200

0.12

Pretzels

5,700

0.10

Total

8,100

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: EM133150691

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