Snhu acc 202 Single plantwide factory overhead rate a. Determine the single plantwide factory overhead rate. If required, round your answer tothe nearest cent. $per processing hourb. Use the factory overhead rate in (a) to determine theamount of total and per-case factory overhead allocated toeach of the three products under generally acceptedaccounting principles. Refer to the Amount Descriptions listprovided for the exact wording of the answer choices for textentries. If required, round your answer to the nearest cent.Total FactoryPer Case Factory1OverheadOverhead25 Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potatochips, and pretzels. The company has budgeted the following costs for the upcoming period:Factory depreciation$35,101.00Indirect labor$87,752.00Factory electricity$8,775.00Indirect materials$47,552.00Selling expenses$25,200.00Administrative expenses$15,000.00Total costs$219,380.00Required:Factory overhead is allocated to the three products on thebasis of processing hours. The products had the followingproduction budget and processing hours per case:a. Determine the single plantwide factory overheadrate.*Use the factory overhead rate in (a) todetermine the amount of total and per-case factoryb.Budgeted Volume (Cases) Processing Hours per Case3,600overhead allocated to each of the three products undergenerally accepted accounting principles. Refer to theAmount Descriptions list provided for the exact wordingTortilla chips0.19Potato chips5,5000.19Pretzels2,7000.43Total11,800of the answer choices for text entries.** If required, round your answers to the nearest cent.

Factory overhead means factory expense not directly linked with production. In this sum, factory overhead wil include factory depreciation , indirect labor , factory electricity , indirect material. Selling expenses and administrative expenses has been ignored because these expenses are not factory overhead.

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Accounting

a. Determine the single plantwide factory overhead rate. If required, round your answer to the nearest cent. $_ 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. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. If required, round your answer to the nearest cent. Total Factory Per Case Factory Overhead Overhead

a. Determine the single plantwide factory overhead rate. If required, round your answer to the nearest cent. $_ 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. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. If required, round your answer to the nearest cent. Total Factory Per Case Factory Overhead Overhead

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Snhu acc 202 Single plantwide factory overhead rate

a. Determine the single plantwide factory overhead rate. If required, round your answer to
the nearest cent. $
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. Refer to the Amount Descriptions list
provided for the exact wording of the answer choices for text
entries. If required, round your answer to the nearest cent.
Total Factory
Per Case Factory
1
Overhead
Overhead
2
5

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
$35,101.00
Indirect labor
$87,752.00
Factory electricity
$8,775.00
Indirect materials
$47,552.00
Selling expenses
$25,200.00
Administrative expenses
$15,000.00
Total costs
$219,380.00
Required:
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:
a. Determine the single plantwide factory overhead
rate.*
Use the factory overhead rate in (a) to
determine the amount of total and per-case factory
b.
Budgeted Volume (Cases) Processing Hours per Case
3,600
overhead allocated to each of the three products under
generally accepted accounting principles. Refer to the
Amount Descriptions list provided for the exact wording
Tortilla chips
0.19
Potato chips
5,500
0.19
Pretzels
2,700
0.43
Total
11,800
of the answer choices for text entries.*
* If required, round your answers to the nearest cent.

Definition Definition Indirect costs incurred while producing goods or services. Overhead costs cannot be directly attributed to products or services. Overhead includes indirect material cost, indirect labor cost, rent, utilities expenses, and depreciation. Since these costs directly affect the profitability of a company, managing overhead becomes an important task for management.

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