Question 15 3 pts Talen Company uses a job cost system and allocates its overhead on the basis of direct labor costs. Talen expects to incur $500,000 of overhead during the next period, and they expect to incur $300,000 in direct labor costs. What is Talen Company's overhead application rate? 1.000 percent 167 percent 60 percent 67 percent 10 percent 3 pts