9 Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $680,000, and management budgeted $326,000 of direct labor costs. During the year, the company incurred the following actual costs Direct materials used Direct labor Factory overhead $388,000 325,000 655,500 Skipped The January 1 balances of inventory accounts are shown below Materials -all direct Work-in-process Finished goods $60,600 44,000 27,300 The December 31 balances of these inventory accounts were ten percent lower than the balances at the beginning of the year. The predetermined factory overhead rate is Multiple Choice 0 0 0 0 209% of direct labor costs. 209% of direct labor costs. 211% of direct labor costs. 201% of direct labor costs. 202% of direct labor costs