Limit: 200.00 Time Left:1:58:31 Gavin Rae: Attempt 2 2 3 5 6 B 9 Hogan Corporation's overhead costs and cost drivers are given below. DL hours are expected to be 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Purchasing Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1.200,000 1,000,000 parts Inspection Inspections 300,000 500 Inspections If overhead is applied using activity-based costing, the overhead application rate for purchasing is $1.20 per direct labor hour $240 per order $0.12 per part