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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:Line Item DescriptionAmountFactory depreciation$ Indirect laborFactory electricityIndirect materialsSelling expensesAdministrative expenses Total costs$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:Types of SnacksBudgeted VolumeCasesProcessing Hoursper CaseTortilla chipsPotato chipsPretzels Total If required, round all per unit answers to the nearest cent.a Determine the single plantwide factory overhead rate.fill in the blank of $ per processing hourb. Use the overhead rate in a to determine the amount of total and percase overhead allocated to each of the three products under generally accepted accounting principles.Types of SnacksTotalFactory OverheadPer UnitFactory Overhead CaseTortilla chipsfill in the blank of $fill in the blank of $Potato chips fill in the blank of fill in the blank of Pretzels fill in the blank of fill in the blank of
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