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Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for...

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Accounting

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.

Activity Cost Pools

Estimated Overhead

Estimated Use of Cost Drivers per Activity
Ordering and receiving $91,476 12,600 orders
Food processing 535,680 64,000 machine hours
Packaging 1,514,040 444,000 labor hours

For 2020, the company had 11,400 orders and used 50,900 machine hours, and labor hours totaled 510,000.

Part 1

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

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Part 2

What is the total overhead applied?

Total overhead applied

$

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