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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