43. The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $6,465 debit balance after all posting is completed. The cost sheet of the one job still In process shows direct material cost of $2,500 and direct labor cost of $1,300. Therefore, the company's overhead application rate is: o 4996. O 49%. O 52%. O 107%. o 205%. o 192%