Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Est. Overhead Cost Driver Activity $ 120,000 500 orders Setups 297,000 450 setups Machine hours 1,500,000 125,000 MH Parts 1,200,000 1,000,000 parts Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is Select one: O a $0.12 per part O b. $1.20 per direct labour hour Oc. $240 per order O d. $6,834 per order