Question: B MC Qu. 15-99 (Algo) The Work in Process Inventory account... The Work in Process Inventory account of a manufacturing company has a $7,305 debit

B MC Qu. 15-99 (Algo) The Work in Process Inventory account...

The Work in Process Inventory account of a manufacturing company has a $7,305 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $2,700 and direct labor cost of $1,500. Therefore, the company's predetermined overhead rate is:

Multiple Choice

48% of direct labor cost.
115% of direct labor cost.
207% of direct labor cost.
56% of direct labor cost.
180% of direct labor cost.

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