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Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the

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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 $8,225 20,383 2,324 4,828 11,443 6,437 $53,640 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: Processing Hours Budgeted Volume (Cases) Per Case Tortilla chips 2,400 0.15 Potato chips 1,200 0.12 Pretzels 3,900 0.10 Total 7,500 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 principles. Total Per-Case Factory Overhead Factory Overhead Tortilla chips Potato chips Pretzels Total

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