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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

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$18,155 
Indirect labor44,994 
Factory electricity5,131 
Indirect materials10,656 
Selling expenses25,260 
Administrative expenses14,208 
 Total costs$118,404 

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 3,300  0.12  
Potato chips 6,900  0.10  
Pretzels 4,200  0.15  
 Total 14,400     

If required, round all per-case 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 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 

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