Required information Use the following information for the Quick Study below. {The following information applies to the questions displayed below; Peng Company is considering an investment expected to generate an average net income after taxes of $2,800 for three years The investment costs $58, 200 and has an estimated $10,800 salvage value QS 24-7 Computation of accounting rate of return LO P2 Compute the accounting rate of return for this investment assume the company uses straight line depreciation Choose Numeraton Annual after tax net income Accounting Rate of Return Choose Denominator 'Annual average investment Accounting Rate of Return Accounting rate of retum 33 33 2.800 The Work in Process inventory account of a manufacturing company has a $12,068 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 $3,800 and direct labor cost of $2,600. Therefore, the company's predetermined overhead rate is: nces Multiple Choice O 146% of direct labor cost 218% of direct labor cost 149% of direct labor cost 46% of direct labor cost Next >