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 $20,446 Indirect labor 50,671 Factory electricity 5,778 Indirect materials 12,001 Selling expenses 28,447 Administrative expenses 16,001 Total costs $133,344 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 Processing Hours (Cases) Per Case Tortilla chips 1,200 0.10 Potato chips 6,300 0.15 Pretzels 2,700 0.12 Total 10,200 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 10.41 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 Per-Case Factory Overhead Factory Overhead Tortilla chips Putato chips Pretzels Total

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 $20,446 Indirect labor 50,671 Factory electricity 5,778 Indirect materials 12,001 Selling expenses 28,447 Administrative expenses 16,001 Total costs $133,344 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 Processing Hours (Cases) Per Case Tortilla chips 1,200 0.10 Potato chips 6,300 0.15 Pretzels 2,700 0.12 Total 10,200 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 10.41 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 Per-Case Factory Overhead Factory Overhead Tortilla chips Putato chips Pretzels Total

Name: Single Plantwide Factory Overhead RateSalty Sensations Snacks Company
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Single Plantwide Factory Overhead RateSalty 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 periad:Factory depreciation$20,4

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 1BE: Single plantwide factory overhead rate The total factory overhead for Bardot Marine Company is...

See similar textbooks

Similar questions

single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortita chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation Indirect labor Factory electricity tndirect materials selling expenses Administrative expenses Total costs $31,360 78,400 7,840 35,400 25,000 18,000 $196,000 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 unit ansyers to the nearest cent. a. Determine the single plantwide factory overhead rate. x 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 Per Case
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 Indirect labor $20,770 51,474 Factory electricity Indirect materials Selling expenses Administrative expenses Total costs 5,870 12,192 28,898 16,255 $135,459 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 Processing Hours (Cases) Per Case Tortilla chips 5,100 0.12 Potato chips 3,300 0.15 Pretzels 4,500 0.10 Total 12,900 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…
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 $20,523 Indirect labor 50,862 5,800 12,047 28,554 16,062 $133,848 Factory electricity Indirect materials Selling expenses Administrative expenses Total costs 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) Tortilla chips Potato chips Pretzels Tortilla chips Potato chips Total If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. $ per processing hour Pretzels 3,900 6,600 5,700 16,200 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…
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 $12,519 Indirect labor 31,026 Factory electricity 3,538 Indirect materials 7,349 Selling expenses 17,418 Administrative expenses 9,798 Total costs $81,648 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 Processing Hours (Cases) Per Case Tortilla chips 3,600 0.10 Potato chips 1,200 0.15 Pretzels 3,900 0.12 Total 8,700 If required, round all per-case answers to the nearest cent.
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 Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs 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: Tortilla chips Potato chips Pretzels Total 3,300 2,100 1,800 7,200 If required, round all per-case answers to the nearest cent. Budgeted Volume (Cases) Tortilla chips Potato chips Pretzels $11,066 27,425 3,127 6,496 15,396 8,661 $72,171 a. Determine the single plantwide factory overhead rate. $ Total 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…
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 $ 33,120 Indirect labor 82,800 Factory electricity 8,280 Indirect materials 31,800 Selling expenses 22,000 Administrative expenses 29,000 Total costs $207,000 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: BudgetedVolume (Cases) Processing HoursPer Case Tortilla chips 3,000 0.25 Potato chips 6,000 0.10 Pretzels 3,500 0.30 Total 12,500 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate.$fill in the blank 1 per processing hour b. Use the overhead rate in (a) to determine the…
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 Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs 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) $9,442 23,400 2,668 5,542 13,137 7,389 $61,578 Tortilla chips Potato chips Pretzels 3,900 2,100 1,500 7,500 If required, round all per-case answers to the nearest cent. Total Processing Hours Per Case 0.12 0.15 0.10 a. Determine the single plantwide factory overhead rate. per processing hour
Factory depreciation Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs Tortilla chips Potato chips 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 Processing Hours (Cases) Per Case Pretzels Total Tortilla chips Potato chips $24,012 59,508 6,000 6,000 1,200 13,200 Pretzels 6,786 14,094 33,408 18,792 $156,600 Total If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour 0.12 0.15 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 Per-Case Factory Overhead Factory Overhead 0.10
Multiple production department factory overhead rate methodFour Finger Appliance Company manufactures small kitchen appliances.The product line consists of blenders and toaster ovens. Four FingerAppliance presently uses the multiple production department factoryoverhead rate method. The factory overhead is as follows: Assembly Department $186,000 Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: AssemblyDepartment Test and PackDepartment Blender 750 dih 2,250 dlh Toaster oven 2,250 750 Total 3,000 dih 3,000 dlh Four Finger Appliance used direct labor hours to allocate productiondepartment factory overhead to products.Determine the two production department factory overhead rates.Determine the total factory overhead and the factory overhead per unitallocated to each product.
Product Costs using Activity Rates Atlas Enterprises Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $22 per machine hour Assembly $8 per direct labor hour Setup $45 per setup Inspecting $23 per inspectiaon Production scheduling $9 per production order Purchasing $6 per purchase order The activity-base usage quantities and units produced for each product were as follows: Activity Base Elliptical Machines Treadmill Machine hours 1,696 1,001 Direct labor hours 433 169 Setups 59 18 Inspections 636 382 Production orders 67 13 Purchase orders 180 110 Units produced 276 185 Use the activity rate and usage information to calculate the total activity cost and activity cost per unit for each…
Activity-Based Costing and Product Cost Distortion Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliance presently uses the multiple production department factory overhead rate method. The factory overhead is as follows: Assembly Department $186,000 Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: Assembly Department Test and Pack Department Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total 3,000 dlh 3,000 dlh Four Finger Appliance used direct labor hours to allocate production department factory overhead to products. The management of Four Finger Appliance Company has asked you to use activity-based costing to allocate factory overhead costs to the two products. You have determined that $81,000 of factory overhead from…
Multiple Production Department Factory Overhead Rate Method Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliance presently uses the multiple production department factory overhead rate method. The factory overhead is as follows: Assembly Department Test and Pack Department Total The direct labor information for the production of 7,500 units of each product is as follows: Blender Toaster oven Total $186,000 120,000 $306,000 Assembly Department Test and Pack Department 750 dih 2,250 dlh 750 Product Blender 2,250 3,000 dih Four Finger Appliance used direct labor hours to allocate production department factory overhead to products. Toaster oven 3,000 dlh If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department Test and Pack Department b. Determine the total factory overhead and the factory overhead per unit…