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Homework answers / question archive / Brief Exercise 4-7 Spud, Inc
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 |
Estimated Use of |
|||
| Ordering and receiving | $82,812 | 13,400 | orders | ||
| Food processing | 424,050 | 55,000 | machine hours | ||
| Packaging | 1,717,840 | 436,000 | labor hours | ||
For 2020, the company had 11,100 orders and used 48,400 machine hours, and labor hours totaled 500,000.
Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.)
What is the total overhead applied?
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