Concord, 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 Overhead Estimated Use of Cost Drivers per Activity $101,568 13.800 orders Activity Cost Pools Ordering and receiving Food processing Packaging 4B3.125 62.500 machine hours 1.783.500 435.000 labor hours For 2020, the company had 11.000 orders and used 50.000 machine hours and labor hours totaled 502.000, {a) Your answer is correct Calculate the overhead rates for each activity Round answers to 2 decimal places 12.25) Overhead Rates Ordering and receiving $ 736 per order Food processing 5 7.73 per machine hour Packaging $ 41 per labor hour e Textbook and Media Attempts: 1 of 3 used Using multiple attempts will impact your score 5% score reduction after attempt 2 (b) X Your answer is incorrect What is the total overhead applied $ Total overhead applied 1307305 e Textbook and Media