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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 2020. Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $117,600 16,000 orders Food processing 530,625 62,500 machine hours Packaging 1,701,120 443,000 labor hours For 2020, the company had 11,600 orders and used 50,900 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 $
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