Question: what is the overhead application rate for ordering and receiving? Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct

what is the overhead application rate for ordering and receiving?

Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Est. Overhead $ 65000 Activity Cost Pool Cost Driver Ordering and Receiving Orders Machine Setup Setups Machining Machine hours Assembly Parts Inspection Inspections 247500 1362500 1090000 245000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $0.65 per direct labor hour. $6020 per order. $130 per order. $0.07 per part

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