Single plantwide factory overhead rate Krispy Treats Snack Food Company man

Single plantwide factory overhead rate

Krispy Treats Snack Food 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 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:

If required round all per-case answers to nearest cent.

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.

Total factory overhead per- case factory overhead

Tortilla chips $ $

Potato Chips $ $

Pretzels $ $

Total $ $