Bird Company has the following overhead costs and cost drivers.Direct labor hours are estimated at 100,000 for the year.
|Activity Cost Pool||Cost Driver||Estimated Overhead||Cost Driver Activity|
|Ordering and Receiving||Orders||$20,900||500 orders|
|Machine Setup||Setups||$30,500||450 setups|
|Machining||Machine hours||$52,500||125,000 hours|
Overhead is applied using traditional costing based on direct laborhours. What is the overhead application rate?
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