Question 18 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 2017 Estimated Expected Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $73,800 12,000 orders Food processing 420.750 55,000 machine hours Packaging 1,365,000 420,000 labor hours For 2017, the company had 10,000 orders and used 48,000 machine hours, and labor hours totaled 490,000 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