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 pocis is provided below for the year 2020. Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $117,750 15,700 orders Food processing 425,150 55,000 machine hours Packaging 1,944,560 436,000 labor hours For 2020, the company had 11,300 orders and used 49,700 machine hours, and labor hours totaled 491,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, o.9. 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