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 Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $95,942 15,400 orders Food processing 525,625 62,500 machine hours Packaging 1,886,080 448,000 labor hours For 2020, the company had 10,800 orders and used 49,700 machine hours, and labor hours totaled 510,000 Calculate the overhead rates for each activity. (Round answers to 2 decimal places,.. 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