On March $1,$ Sangvikar Company's Work$-$In$-$Process inventory consisted of two jobs with the

following costs:

During March, two more jobs were started. Below is the information on costs added to the four

obs during the month.

Jobs $101$ and $103$ were completed; On March $31,$ Job $101$ were sold at cost plus $40\%.$

Assume that overhead is applied on the basis of direct materials charged on JobsWhat would be the predetermined overhead rate to be used for overhead cost assignment during March if the company continues to use the same rate that was used in the last period?

$0\mathrm{.}75$

$0\mathrm{.}60$

$1\mathrm{.}33$