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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
$ 31,360
Indirect labor
78,400
Factory electricity
7,840
Indirect materials
35,400
Selling expenses
25,000
Administrative expenses
18,000
Total costs
$196,000
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
4,000
0.20
Potato chips
5,000
0.15
Pretzels
2,500
0.40
Total 11,500
a. Determine the single plantwide factory overhead rate.
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.
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