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Scrumptious Snacks Inc., manufactures three types of snack foods! tortilla chips, potato chips, and pretres. The company has budgeted the following costs for the coming
Scrumptious Snacks Inc., manufactures three types of snack foods! tortilla chips, potato chips, and pretres. The company has budgeted the following costs for the coming period Factory depreciation 520,953 Indirect labor 51.926 Factory electricity 5,921 Indirect materials 12,298 Selling expenses 29,151 Administrative expenses 16,398 Total costs $136,647 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 chatt Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 5.100 0.15 Potato chips 7,200 0.12 Pretzels 5.400 0.10 Total 17,700 If required, round all per case answers to the nearest cent. a. Determine the single plantwide factory overhead rate per processing hour Previous Total costs $136,642 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 Processing Hours (Cases) Per Case Tortilla chips 5,100 0.15 Potato chips 7,200 0.12 Pretzels 5,400 0.10 Total 17,700 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 allocated to ch of the three products under ge accepted accounting principles Total Factory Overhead Per-Case Factory Overhead Tortilla chips Potato chips Pretzels Total Previous Mark
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