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Question 2 of 7 > 0/1 III View Policies Show Attempt History Current Attempt in Progress 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 2017 Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $117,600 530,625 1,701,120 Expected Use of Cost Drivers per Activity 16,000 orders 62,500 machine hours 443,000 labor hours For 2017, the company had 11,600 orders and used 50,900 machine hours, and labor hours totaled 490,000 X Your answer is incorrect. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, eg. 12.25.) Overhead Rates Question 2 of 7 07 Calculate the overhead rates for each activity. (Round answers to 2 decimal places, eg. 12.25.) Overhead Rates per order Ordering and receiving $ 7 Food processing 8 per machine hour $ $ Packaging 4 per labor hour * Your answer is incorrect. What is the total overhead applied? Total overhead applied $ 2477000