CALCULATOR 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 Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Cost Drivers per Activity 14,500 orders Overhead $95,990 508,400 1,409,370 62,000 machine hours 431,000 labor hours For 2020, the company had 10,700 orders and used 49,400 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 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 PRINTER VERSION BAC Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT