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 | $111,706 | 15,800 | orders | ||
| Food processing | 465,690 | 57,000 | machine hours | ||
| Packaging | 1,485,800 | 437,000 | labor hours | ||
For 2020, the company had 10,900 orders and used 49,600 machine hours, and labor hours totaled 506,000
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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