Tidewell Industries has the following overhead and cost drivers. Direct labor hours are estimated at 10,000 for the year.

If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is..

Multiple Choice Question 48 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 $ 160000 Ordering and Receiving Orders 500 orders Machine Setup 333000 450 setups Setups Machining Machine hours 1612500 125000 MH 1000000 parts Assembly Parts 1280000 500 inspections Inspection Inspections 340000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $2 per direct labor hour. $7451 per order $320 per order. $0 per part