Multiple Choice Question 47 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Activity Cost Driver Activity Cost Pool Est. Overhead $ 60000 Ordering and Receiving Orders 500 orders Machine Setup 243000 450 setups Setups Machining Machine hours 1350000 125000 MH 1000000 parts Assembly Parts 1080000 500 inspections Inspection Inspections 240000 If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $8 $14 $11 $30