Reference no: EM132533799

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         $31,875.00
Indirect labor                   79,688.00
Factory electricity              7,969.00
Indirect materials             35,788.00
Selling expenses              24,800.00
Administrative expenses  19,100.00
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:

                                 Budget Volume(Cases)           Processing hours per case

Tortilla chips                     4100                           0.24

Potato Chips                   4800                  0.20

Pretzels                         2200                      0.40

Total                             11,100

Question 1: Determine the single plant wide factory overhead rate. If required, round your answer to the nearest cent.

Question 2: 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 answer to the nearest cent.