Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $710,000 of overhead during the next period, and expects to use 41,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's overhead application rate? 0 5.78% 1732%. o 173%. 62% O 57.8%