Question 23 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 160000 500 orders Machine Setup Setups 333000 450 setups Machine hours 1612500 125000 MH Assembly Parts 1280000 1000000 parts Inspection Inspections 340000 500 inspections Machining If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is O $16.13. 0 $10.56. O $37.26. $12.80