Question: The | company uses direct labor cost as its allocation base for its predetermined overhead rate. The company reports $ 2,400 for the ending

The | company uses direct labor cost as its allocation base for its predetermined overhead rate. The company reports $ 2,400 for the ending balance of its work in process inventory. The company has two incomplete products that respectively used $ 300 and $200 of direct materials, and $ 600 and $ 400 of direct labor. Using these facts, what is the company's predetermined overhead rate as a percentage of direct labor cost?

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