Question: Rona is working to determine the material loading percentage for the following situation. The overhead costs for the company come to $38,400, and the other

Rona is working to determine the material loading percentage for the following situation. The overhead costs for the company come to $38,400, and the other overhead amounts to $16,000. In total, the cost for parts and materials is $320,000. The company also has a desired profit margin of 15%. What is the overall material loading percentage?

Select answer from the options below

38%

12%

32%

17%

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