Question 10 (2 points) By applying direct material cost method to the company budget, what is the overhead rate? (Use the following table to answer this question) Account Table 1. Company and Profit Center Budgets Company CNW CR IR $ % $ % $ % $ % 10,000,000.00 100.00% 6,000,000.00 100.00% 3,000,000.00 100.00% 1,000,000.00 100.00 297,500.00 Revenue (Earnings) Cost of Construction abor Materials iub Contracts Other Total Direct Cost 1,360,000.00 13.60% 535,500.00 8.93% 527,000.00 3,145,000.00 31.45% 2,059,975.00 34.33% 1,085,025.00 2,550,000.00 25.50% 2,550,000.00 42.50% 170,000.00 1.70% 170,000.00 2.83% 7,225,000.00 72.25% 5,315,475.00 88.59% 1,612,025.00 17.57% 36.17% 0.00% 0.00% 53.73% 29.75 0.00 0.00 0.00 29.75 297,500.00 27.75% 46.27% 70.25 gross Profit otal Operating Expense Net Profit (Before Tax) 2,775,000.00 1,019,950.00 1,755,050.00 684,525.00 512,996.00 171,529.00 11.41% 1,387,975.00 385,242.00 2.86% 1,002,733.00 702,500.00 121,713.00 580,787.00 17.55% 33.42% 58.08 O A) 14.13% B) 25.89% C) 32.43% D) 48.67%