A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's production costs for the year were: direct labor, $75,000; direct materials, $40,000; and factory overhead applied $60,000. The predetermined overhead rate was: O a. 150%. O b. 53.3%. O c. 80%. O d. 1.25%. O e. 125% CLEAR MY CHOICE