Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost Cost flows through the Work in Process Inventory account during March are given below Work in Process Debit Credit Beginning Balance Transferred Out 265,800 Direct Materials 74,000 Direct Labor 104,000 Overhead 156,000 Ending Balance 68,200 Only Job #007 was still in process at the end of March and this job had been charged with $32,000 in direct materials cost The predetermined overhead application rate at Capri Boat is what percentage of direct labor costs? Multiple Choice 300% 44% 67%