nee assistance

SheridanCorporation allocates overhead based on direct labor cost. AssumeSheridanexpects to incur a total of $1033200in overhead costs and $820000in direct labor costs. Actual overhead costs incurred totaled $1041000and actual direct labor costs totaled $802200.Sheridan's predetermined overhead rate isclosest to

100% of direct labor cost.

129% of direct labor cost.

99% of direct labor cost.

126% of direct labor cost.