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 Overhead $73,800 Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Use of Cost Drivers per Activity 12,000 orders 55.000 machine hours 420,000 labor hours 420.750 1,365,000 For 2020. the company had 10.000 orders and used 48.000 machine hours, and labor hours totaled 490,000, (a) Your answer is correct Calculate the overhead rates for each activity. (Round answers to 2 decimal places, eg. 12.25.) Overhead Rates Ordering and receiving $ 6.15 per order Food processing $ 7.65 per machine hour Packaging 3.25 per labor hour e Textbook and Media Attempts: 1 of 5 used (b) What is the total overhead applied? Total overhead applied $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit