Business, 06.03.2021 01:20 windmadness5331
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:
Factory depreciation $31,360
Indirect labor 78,400
Factory electricity 7,840
Indirect materials 35,400
Selling expenses 25,000
Administrative expenses 18,000
Total costs $196,000
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 4,000 0.20
Potato chips 5,000 0.15
Pretzels 2,500 0.40
Total 11,500
If required, round all per unit answers to the nearest cent.
Required:
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.
Answers: 3
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