Question: Question 26 7 pts The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting

Question 26 7 pts The Work in Process inventory account of

Question 26 7 pts The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of labor costs, of: 80% 125% 300% 240%

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