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Calculate the overhead rates for each activity

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Question - Swifty, 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

$90,519

14,300 orders

Food processing

496,570

63,500 machine hours

Packaging

1,814,670

423,000 labor hours

For 2020, the company had 11,300 orders and used 52,000 machine hours, and labor hours totaled 507,000.

Required - Calculate the overhead rates for each activity.

Reference no: EM132616808

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