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#2 Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods:...
#2
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 | $11,233 | ||
| Indirect labor | 27,839 | ||
| Factory electricity | 3,175 | ||
| Indirect materials | 6,593 | ||
| Selling expenses | 15,629 | ||
| Administrative expenses | 8,791 | ||
| Total costs | $73,260 | ||
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 | 5,700 | 0.15 | ||||||
| Potato chips | 1,800 | 0.12 | ||||||
| Pretzels | 1,500 | 0.10 | ||||||
| Total | 9,000 | |||||||
If required, round all per-case answers to the nearest cent.
a. Determine the single plantwide factory
overhead rate.
$ 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 | $ |
Solutions
ekkarill92 answered 3 years agoRelated Solutions
Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla...
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
$20,079
Indirect labor
49,761
Factory electricity
5,675
Indirect materials
11,785
Selling expenses
27,936
Administrative expenses
15,714
Total costs
$130,950
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...
Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla...
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
$24,331
Indirect labor
60,298
Factory electricity
6,876
Indirect materials
14,281
Selling expenses
33,852
Administrative expenses
19,041
Total costs
$158,679
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...
Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla...
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
$15,496
Indirect labor
38,403
Factory electricity
4,379
Indirect materials
9,096
Selling expenses
21,560
Administrative expenses
12,127
Total costs
$101,061
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...
Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips,...
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$20,595
Indirect labor51,040
Factory electricity5,820
Indirect materials12,089
Selling expenses28,654
Administrative expenses16,118
Total costs$134,316
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 0.15 ...
Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips,...
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
$25,116
Indirect labor
62,244
Factory electricity
7,098
Indirect materials
14,742
Selling expenses
34,944
Administrative expenses
19,656
Total costs
$163,800
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...
Instructions Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and...
Instructions
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:
1
Factory depreciation
$31,023.00
2
Indirect labor
77,557.00
3
Factory electricity
7,756.00
4
Indirect materials
35,056.00
5
Selling expenses
23,100.00
6
Administrative expenses
19,400.00
7
Total costs
$193,892.00
Factory overhead is allocated to the three products on the basis
of processing hours. The products had the following production
budget and processing hours...
Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels....
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:
1
Factory depreciation
$30,986.00
2
Indirect labor
77,464.00
3
Factory electricity
7,746.00
4
Indirect materials
33,864.00
5
Selling expenses
25,300.00
6
Administrative expenses
18,300.00
7
Total costs
$193,660.00
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...
The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the...
The company uses a single plantwide factory overhead rate. The
budgeted Factory Overhead Costs for the year are $1,400,000 and
allocates factory overhead based on direct labor hours. The company
plans to make 100,000 shirts and 50,000 pairs of pants. It takes 2
direct labor hours to make a shirt and 3 direct labor hours to make
a pair of pants. What are the total number of direct labor hours?
What is the single plantwide factory overhead rate?
Answers should...
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When required, round all per unit answers to the nearest
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cent.
a. Determine the total number of budgeted
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