salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and

pretzels. The company has budgeted the following costs for the upcoming period:

1

Factory depreciation

$31,875.00

2

Indirect labor

79,688.00

3

Factory electricity

7,969.00

4

Indirect materials

35,788.00

5

Selling expenses

24,800.00

6

Administrative expenses

19,100.00

7

Total costs

$199,220.00

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 CaseTortilla chips4,1000.24Potato chips4,8000.20Pretzels2,2000.40Total11,100Required:a.Determine the single plantwide factory overhead rate.*b.Use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.** If required, round your answers to the nearest cent.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"