what is the overhead application rate?

Current Attempt in Progress 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 Orders Est. Overhead $ 145000 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Setups Machine hours Parts Inspections 319500 1575000 1250000 325000 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $36.15 $12.50 $10.23. $15.75