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		$10,717
Indirect labor		26,560
Factory electricity		3,029
Indirect materials		6,290
Selling expenses		14,911
Administrative expenses		8,387
	Total costs	$69,894

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			1,200			0.12
Potato chips			4,500			0.15
Pretzels			2,400			0.10
	Total		8,100

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

a. Determine the single plantwide factory overhead rate.
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 Factory Overhead	Per-Case Factory Overhead
Tortilla chips	$fill in the blank 2	$fill in the blank 3
Potato chips	fill in the blank 4	fill in the blank 5
Pretzels	fill in the blank 6	fill in the blank 7
Total	$fill in the blank 8

Answer rating: 100% (QA)

a Calculation of Single Plantwide manufacturing overhead rate Working note Total processing hours Bu... View the full answer