Brief Exercise 17-7 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 2017. Estimated Expected use of Activity Cost Pools Ordering and receiving Food processing Packaging $84,000 480,000 12,000 orders 60,000 machine hours 1,760,000 440,000 labor hours For 2017, the company had 11,000 orders and used 50,000 machine hours, and labor hours totaled 500,000 Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.) Overhead Rates Ordering and receiving Food processing Packaging per order per machine hour per labor hour What is the total overhead applied? Total overhead applied