Colorado has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. The following information is available regarding activity cost pools, cost drivers, total estimated overhead costs, and estimated use of activities per product: Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 85000 500 orders Machine Setup Machining Setups 266500 450 setups Machine hours 1577500 125000 MH 1210000 1000000 parts Inspections 355000 500 inspections Assembly Parts Inspection If overhead is applied using activity-based costing, the overhead application rate for ordering and 4 receiving is O $6988 per order O $170 per order O$0.09 per part O $0.85 per direct labor hour