* CHAPTER 17 HOMEWORK BRIEF EXERCISES Question 3 of 4 -/1 View Policies Current Attempt in Progress Spud, Inc a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for cach of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $91.476 535,680 1,514,040 Estimated Use of Cost Drivers per Activity 12,600 orders 64000 machine hours 444,000 labor hours For 2020, the company had 11,400 orders and used 50,900 machine hours and labor hours totalet 510,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, es 12.25.) Overhead Rates per order Ordering and receiving $ Food processing $ per machine hour $ Packaging perlabor hour e Textbook and Media CHAPTER 17 HOMEWORK BRIEF EXERCISES Question 3 of 4 TH Calculate the overhead rates for each activity. (Round answers to 2 decimal places, es 12.25) Overhead Rates Ordering and receiving $ per order Food processing $ per machine hour Packaging $ per labor hour e Textbook and Media What is the total overhead applied? Total overhead applied $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit