Dolphincorporationwas established to manufacture two types of die casts, gidgets and widgets. the manufacturing process involves molding the fittings and then smoothing them. the firm was initially capitalized with $600,000 as an s corporation. the firm purchased equipment for $450,000 with cash of $150,000 and a note payable of $300,000. it also acquired a furniture for $150,000 with cash of $60,000 and a note payable of $90,000. management is now preparing the master budget for the first year of operations.

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 $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 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 case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 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. 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 cen