Brief Exercise 4-7 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 2020. Estimated Use of Cost Drivers per Activity Estimated Activity Cost Pools Ordering and receiving Food processing Packaging Overhead $80,500 457,620 12,500 orders 58,000 machine hours 1,523,330 439,000 labor hours For 2020, the company had 10,800 orders and used 50,100 machine hours, and labor hours totaled 507,000 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