Q 15.23:A predetermined overhead rate of 70% of direct labor cost means

A : manufacturing overhead is expected to be 70% of the total cost of the product.

B : total direct labor cost is expected to be 70% of total manufacturing overhead.

C : that for every dollar of direct labor, a company will apply $.70 of manufacturing overhead.

D : that for every $.70 of direct labor, a company will apply $1.00 of manufacturing overhead.