Question
In: Accounting
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
Potato chips 5,700 0.10
Pretzels 2,100 0.12
Total 13,800
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 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.
Total
Factory OverheadPer-Case
Factory Overhead
Tortilla chips$$
Potato chips
Pretzels
Total $
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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:
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snack foods: tortilla chips, potato chips, and pretzels. The
company has budgeted the following costs for the upcoming
period:
Factory depreciation
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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
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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
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Indirect materials
14,281
Selling expenses
33,852
Administrative expenses
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Total costs
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Factory overhead is allocated to the three products on the basis
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#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
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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
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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
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capacities of 100,000, 80,000 and 70,000,...
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