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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 $95,953 14,300 orders Food processing 497,150 61,000 machine hours Packaging 1,600,210 441,000 labor hours For 2020, the company had 10,100 orders and used 50,600 machine hours, and labor hours totaled 494,000. 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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