Question
In: Accounting
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 Volume (Cases) |
Processing Hours Per Case |
|||||||
| Tortilla chips | 4,500 | 0.12 | ||||||
| Potato chips | 1,500 | 0.10 | ||||||
| Pretzels | 5,100 | 0.15 | ||||||
| Total | 11,100 | |||||||
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
Expert Solution
Requirement a
| Plant wide factory Overhead rate per Labor Hour | $ 60.00 |
Requirement b
| Total Factory Overheads | Per Unit Factory Overheads | |
| Tortia Chips | $ 32,400.00 | $ 7.20 |
| Patato chips | $ 9,000.00 | $ 6.00 |
| Pretzels | $ 45,900.00 | $ 9.00 |
| Total | $ 87,300.00 |
Working
| Budgeted Production Volume (A) | processing Hour per Unit (B) | Total labor Hours for each Product (A x B) | |
| Tortia Chips | 4500 | 0.12 | 540.00 |
| Patato chips | 1500 | 0.1 | 150.00 |
| Pretzels | 5100 | 0.15 | 765.00 |
| Total Labor Hours | 1455.00 | ||
..
| calculation of Predetermined Overhead rate | ||
| (A) | Total Overheads | $ 87,300.00 |
| (B) | Total Processing Hours | 1455.00 |
| (A/B) | Plant wide factory Overhead rate per Labor Hour | $ 60.00 |
.
| Processing Hours (A) | Plant wide factory Overhead rate per Labor Hour (B) | Total Factory Overheads (C= (A xB)) | Budgeted production in units (D) | Per unit factory Overheads (C/D) | |
| Tortia Chips | 540.00 | $ 60.00 | $ 32,400.00 | 4500 | $ 7.20 |
| Patato chips | 150.00 | $ 60.00 | $ 9,000.00 | 1500 | $ 6.00 |
| Pretzels | 765.00 | $ 60.00 | $ 45,900.00 | 5100 | $ 9.00 |
| Total | 1455.00 | 87300.00 |
ekkarill92 answered 2 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
$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...
#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:...
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...
Single Plantwide Factory Overhead Rate The total factory overhead for Bardot Marine Company is budgeted for...
Single Plantwide Factory Overhead Rate
The total factory overhead for Bardot Marine Company is budgeted
for the year at $1,305,000. Bardot Marine manufactures two types of
boats: speedboats and bass boats. The speedboat and bass boat each
require six direct labor hours for manufacture. Each product is
budgeted for 7,500 units of production for the year.
When required, round all per unit answers to the nearest
cent.
a. Determine the total number of budgeted
direct labor hours for the year....
Single Plantwide Factory Overhead Rate The total factory overhead for Bardot Marine Company is budgeted for...
Single Plantwide Factory Overhead Rate
The total factory overhead for Bardot Marine Company is budgeted
for the year at $1,100,000. Bardot Marine manufactures two types of
boats: speedboats and bass boats. The speedboat and bass boat each
require five direct labor hours for manufacture. Each product is
budgeted for 8,000 units of production for the year.
When required, round all per unit answers to the nearest
cent.
a. Determine the total number of budgeted
direct labor hours for the year....
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Question 2 : Aggregate Scores: Write a program that opens 2 files, quiz.txt, and hw.txt. The...
- Define the term symbiosis specifically as it applies in a biological context. Compare and contrast parasitism,...
- A research team conducted a study showing that approximately 20% of all businessmen who wear ties...
- Research the internet for companies that have executed data science projects. Pick one company and describe...
- Explain two theories or frameworks for understanding how Western Europe emerged out of 1,000 years of...
- Two cannons are mounted as shown in the drawing and rigged to fire simultaneously. They are...
- What is the potential of a cell made up of Zn|Zn2+ and Cu|Cu2+ half-cells at 25o...
ADVERTISEMENT