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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 2017. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $95,990 508,400 1.409,370 Expected Use of Cost Drivers per Activity 14,500 orders 62,000 machine hours 431,000 labor hours For 2017, the company had 10,700 orders and used 49.400 machine hours, and labor hours totaled 500,000. (a) Your answer is correct Calculate the overhead rates for each activity. (Round answers to 2 decimal places, es. 12.25.) Overhead Rates Ordering and receiving $ 6.62 per order Food processing $ 820 per machine hour Packaging $ 327 per labor hour X Your answer is incorrect. What is the total overhead applied? Total overhead applied $ 2013760
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