(Solved): Scrumptious Snacks Inc, manufactures three types of snack foods: tortilla chips, potato chips, and ...

Scrumptious Snacks Inc, manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upeoming 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 the nearest cent. a. Determine the single plantwide factory overhead rate. \( X \) per processing hour If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. \( X \) 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. reedoack v check My Woik a. First calculate- Budgeted production volume for each product \( \times \) Processing hourn. Add together to obtain total processing hours. Recall that factory overtiead does not include seling and adminissrative expenses. Divide the total of overhead costs by lotal processing hours to obtain the overnead rate D. Calculate: Overhead Rase in Req (a) X Processing hours for each pooduct = Overhead for each. Add all overhead amounts to obtain the total Divide individual overhead amounts by budgeled production volume for each product to obtain overtead per unit.