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By applying the gross profit technique to the company budget, what is the overhead and profit rate? (Use the following table to answer this question) Account Table 1. Company and Profit Center Budgets Company CNW IR $ % $ % $ % $ 10,000,000.00 100.00% 6,000,000.00 100.00% 3,000,000.00 100.00% 1,000,000.00 CR 297,500.00 Revenue (Earnings) Cost of Construction Labor Materials Sub Contracts Other Total Direct Cost 1,360,000.00 13.60% 535,500.00 8.9396 527,000.00 3,145,000.00 31.45% 2,059,975.00 34.33% 1,085,025.00 2,550,000.00 25.50% 2,550,000.00 42.50% 170,000.00 1.70% 170,000.00 2.83% 7,225,000.00 72.25% 5,315,475.00 88.59% 1,612,025.00 17.57% 36.17% 0.00% 0.00% 53.73% 297,500.00 27.75% Gross Profit Total Operating Expense Net Profit (Before Tax) 2,775,000.00 1,019,950.00 1,755,050.00 684,525.00 512,996.00 171,529.00 11.41% 1,387,975.00 46.27% 385, 242.00 2.86% 1,002.733.00 33.42% 702,500.00 121,713.00 580,787.00 17.55% OA) 26.28% B) 12.88% C) 38.41% OD) 42.63% ing the gross profit technique to the company budget, what is the overhead t rate? (Use the following table to answer this question) CR Account Table 1. Company and Profit Center Budgets Company CNW IR $ % $ % $ % $ % 10,000,000.00 100.00% 6,000,000.00 100.00% 3,000,000.00 100.00% 1,000,000.00 100.00% ue (Earnings) Construction als ntracts 1,360,000.00 13.60% 535,500.00 8.93% 527,000.00 17.57% 3,145,000.00 31.45% 2,059,975.00 34.33% 1,085,025.00 36.17% 2,550,000.00 25.50% 2,550,000.00 42.50% 0.00% 170,000.00 1.70% 170,000.00 2.83% 0.00% 7,225,000.00 72.25% 5,315,475.00 88.59% 1,612,025.00 53.73% 297,500.00 29.75% 0.00% 0.00% 0.00% 297,500.00 29.75% Hirect Cost 27.75% 70.25% Profit perating Expense ofit (Before Tax) 2,775,000.00 1,019,950.00 1.755,050.00 684,525.00 512,996.00 171,529.00 11.41% 1,387,975.00 46.27% 385,242.00 2.86% 1,002,733.00 33.42% 702,500.00 121,713.00 580,787.00 17.55% 58.08%