Brief Exercise 17-07 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Estimated Overhead Estimated Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $117,600 530,625 1,701,120 16,000 orders 62,500 machine hours 443,000 labor hours For 2020, the company had 11,600 orders and used 50,900 machine hours, and labor hours totaled 490,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.) Overhead Rates Ordering and receiving per order Food processing per machine hour Packaging per labor hour $ What is the total overhead applied? Total overhead applied $ Click if you would like to Show Work for this question: Open Show Work