Question
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
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.
Activity Cost Pools | Estimated Overhead | Expected Use of Cost Drivers per Activity | |||
---|---|---|---|---|---|
Ordering and receiving | $ 95,942 | 15,400 | orders | ||
Food processing | 525,625 | 62,500 | machine hours | ||
Packaging | 1,886,080 | 448,000 | labor hours |
For 2017, the company had 10,800 orders and used 49,700 machine hours, and labor hours totaled 510,000.
Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.)
Overhead Rates | |||
---|---|---|---|
Ordering and receiving | $ enter a dollar amount rounded to 2 decimal places | per order | |
Food processing | $ enter a dollar amount rounded to 2 decimal places | per machine hour | |
Packaging | $ enter a dollar amount rounded to 2 decimal places | per labor hour |
What is the total overhead applied?
Total overhead applied | $ enter the total overhead applied in dollars |
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