The controller for Florida Olive Oil Co. established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setups Budgeted Overhead Cost Driver # of setups $600,000 240,000 # of barrels 300,000 150.000 $1,290,000 # of inspections # of machine hrs Material handling Quality control Other overhead cost Total overhead cost An order of # of setups # of barrels 50 barrels of olive oil used: 5 50 Estimated Cost Driver Level 500 setups 9,000 barrels 1,000 inspections 5,000 machine hrs # of inspections # of machine hours Required: 5 60 (1) What is the overhead rate per machine hour if the number of machine hours is used as a single cost driver under traditional costing system? (Round your intermediate calculation to the nearest cent and final answer to the nearest whole dollar.) (2) Using the traditional costing system, how much overhead is assigned to the order based on machine hours as a single cost driver? (3) Using ABC costing, how much total overhead is assigned to the order?