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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 $
20
,
449
Indirect labor
50
,
678
Factory electricity
5
,
779
Indirect materials
12
,
002
Selling expenses
28
,
451
Administrative expenses
16
,
003
Total costs $
133
,
362
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
5
,
7000.12
Potato chips
1
,
2000.15
Pretzels
5
,
7000.10
Total
12
,
600
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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